What does Standard Costing mean?
An accounting method that uses predetermined estimated costs for products and services, allowing for variance analysis by comparing them with actual costs.
The variance report generated through standard costing highlighted significant inefficiencies in the assembly line.
Standard Costing in German, French, Spanish and Italian
GermanStandardkostenrechnung
also Plankostenrechnung
Wichtig für die Budgetierung und Kostenkontrolle.
FrenchCoût standard
also Comptabilité en coûts préétablis
Permet de mesurer l'efficacité en analysant les écarts.
SpanishCosteo estándar
Se utiliza para planificar presupuestos y controlar desviaciones.
ItalianCosti standard
Metodo che utilizza costi stimati per facilitare il controllo di gestione.
Common phrases with Standard Costing
- system standard costing
- variance standard costing
- analysis standard costing
- rate standard costing
Synonyms and opposites for Standard Costing
- Synonym Predetermined costing
- Opposite Actual costing