Which of the following statement is true regarding standard costing?
Standard cost is set on the basis of management’s estimation. Cost is estimated on the basis of technical specification provided by the engineering department or other expert such as production engineer. Generally, while setting standards, consideration is given to historical data, current production plan and expected conditions of future. Standard costing is different from budgeting. Standard costs are used to set budgets and based on these budgets managerial performance is evaluated. Standard costing is most widely used in manufacturing industry but may be applied in various other industries too.
Select the most appropriate option to fill in the blanks.
There was a time when Hyderabad was the only city ___________ badminton players, but no...
Given below are a few sentences with one blank in each. Below each sentence are given four words among which one word might fill the blank. If none o...
Fill in the blank with the most appropriate phrase.
He needed to __________ his plan and everything would be fine.
I. _____________ holes through the tiles for the masonry pins.
II. The new recruits will have a ___________ next morning.
III. sprinkle...
Fill in the blanks with a suitable article.
A flock of sheep was grazing in ……………field.
Fill in the blanks with appropriate words.
1. The Ibadat khana became a unique experiment in ……………….. the theological discourse....
Fill in the blanks with the appropriate antonym of the words highlighted from among the choices given below them.
While he failed as an artist,...
The artist's work is a _________ of colors and shapes, evoking a sense of wonder and curiosity.
From _______ groceries, ordering food, paying rent to _______ a cab; from navigating across unfamiliar areas, whipping up your favorite salad to checki...
Select the most appropriate option to fill in the blank.
We saw some children ______ with one another as we were walking around.