Educator at Unacademy. Postgraduate in Commerce. Loves to cook and sing. Lives in Assam. 

Antara Mahanta

This course highlights the topic, "Standard costing", which is an important subtopic of Cost accounting. Here, we will discuss about the variances. This is an important course for UGC NET Commerce/management examination, Mcom entrance examination, Bcom/Mcom students and other relevant competitive examinations.

Prepare for UGC NET 2019 by watching our free online lessons covering UGC Net syllabus and also helping you solve Previous year question papers. Pursue your dream of JRF.

NTA-UGC-NET & SET Exams

English

Standard Costing

Cost and Management Accounting

Accounting and Auditing

Commerce

NET Exams

Ace the toughest competitive and government exams in India 

Test Preparation

This lesson gives an overview of the new course, Standard costing. It tells us about what we are going to learn in this course. This lesson also gives a brief introduction to Cost accounting, as standard costing is an important part of cost accounting.

Overview

With this lesson, we begin the standard costing chapter of Cost accounting. Here, we learn the meaning of standard cost, actual cost and variances. We learn about the types of variances.

Introduction to Standard Costing

This lesson explains material cost variance and its importance. It also contains the formula and the interpretation of the variance.

Material cost variance (part 1)

In this lesson, material price variance and material usage variance is discussed. The types of material usage variance are also discussed with their formulae.

Material cost variance (part 2)

In this lesson we learn about labour cost variance. Also, we learn about the labour rate variance and labour efficiency variance along with the formulae.

Labour cost variance

Pursing PhD, ICSSR Doctoral Fellowship Awardee, Qualified NTA UGC NET, Content Writer, INDRESH001, 5 years teaching experience! Learn frm Be

Indresh Pratap Singh

In this course, the educator is discussing Accounting Principles Accounting Standards with MCQs for NTA-UGC NET aspirants

(Hindi) NTA-UGC NET: Accounting Principles Accounting Standards with MCQs

Assistant Professor of Commerce 💫💫
Junior Research Fellowship in Commerce💥
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Reeta Rani

In this course, the educator discusses Auditing.
The course will be beneficial for all Commerce students.

(Hindi) Auditing: NTA-UGC NET

This Course is about Mcq Series With Concept of Financial Accounting
This Course is beneficial for NTA-UGC NET aspirants.

(Hindi) MCQ Series With Concept of Financial Accounting: NTA-UGC NET

This course gives the complete information about accounting which helps NTA-UGC NET Aspirants.

(Hindi) Complete Course of Financial Accounting: NTA-UGC NET

This Course is about 200 Most Expected Question of Financial Accounting. 

This Course is beneficial for NTA-UGC NET aspirants.

Lessons

5 lessons • 28m

Overview

Introduction to Standard Costing

Material cost variance (part 1)

Material cost variance (part 2)

Labour cost variance