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Introduction to Standard Costing

Lesson 2 of 5 • 29 upvotes • 5:08mins

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Antara Mahanta

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.

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1

Overview

5:01mins

2

Introduction to Standard Costing

5:08mins

3

Material cost variance (part 1)

4:45mins

4

Material cost variance (part 2)

7:17mins

5

Labour cost variance

6:19mins

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