1. 2. Presenting… 3. Definition The Institute of Cost & Management Accountants defines variance as the difference between a standard cost and the comparable actual…
1.Definition The Institute of Cost & Management Accountants defines variance as the difference between a standard cost and the comparable actual cost incurred during…
STANDARD COST * * S.Kacker,IHM Mumbai S.Kacker,IHM Mumbai A predetermined cost which is computed in advance of production on the basis of a specification of all the factors…