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Section

E. Standard costing

Learn how to set, monitor, and analyse cost benchmarks. This section covers variance analysis for materials, labour, and overheads, helping identify cost control issues and performance variances. It also introduces reconciliations and the behavioural impact of variances.

1 modules 5 lessons

Modules

Module 1

Standard costing and variance analysis

5 lessons
Standards
Variances
Calculating variances
Understanding variances
Operating statements

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Management Accounting Subject