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.
What is rancidity?
In a certain code language, 'BRINJAL' is written as 'RBINLJA'. How will 'TRANCES' be written in that code language?
Find the mismatched pair amongst the following :
Regional Rural Banks (RRBs) in India were established by the Government of India, under the provisions of RRBs Act, _____.
In which year was Sawai Ram Singh founded the Rajasthan School of Arts?
Which of the following is NOT a Fundamental Duty in the Indian Constitution?
The resolution for removal of Vice President of India should be moved in:
Which of the following is incorrectly matched in the context of “Province and Its Founder”?
Marmagao Port is in which of the following states?
The Mallinath Cattle fair, Tilwara is organized in the month of -