total standard cost

total standard cost
In standard costing, the total standard production cost plus the standard cost allowance for the non-production overhead.

Big dictionary of business and management. 2014.

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  • total standard cost — The total standard production cost plus the standard cost allowance for the non production overhead …   Accounting dictionary

  • standard cost — ➔ cost1 * * * standard cost UK US noun [C] ACCOUNTING ► the expected cost of a job, project, or other activity if there are no problems that increase the total for each stage of the process: »We can use previous cost data to calculate the product …   Financial and business terms

  • total standard production cost — In standard costing, the total of standard direct materials cost, standard direct labour cost, the standard fixed overhead cost, and the standard variable overhead cost …   Big dictionary of business and management

  • total standard production cost — The total of standard direct materials cost, standard direct labour cost, the standard fixed overhead cost, and the standard variable overhead cost …   Accounting dictionary

  • total standard profit — The difference between the sales at standard selling prices and the standard overhead cost of these sales …   Accounting dictionary

  • total standard profit — The difference between the sales at standard selling prices and the standard overhead cost of these sales …   Big dictionary of business and management

  • Cost-plus pricing — is a pricing method used by companies to maximize their profits. The firms accomplish their objective of profit maximization by increasing their production until marginal revenue equals marginal cost, and then charging a price which is determined …   Wikipedia

  • Cost–benefit analysis — (CBA), sometimes called benefit–cost analysis (BCA), is a systematic process for calculating and comparing benefits and costs of a project for two purposes: (1) to determine if it is a sound investment (justification/feasibility), (2) to see how… …   Wikipedia

  • Cost accounting — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts  …   Wikipedia

  • cost — The opposite of revenue. An expense that reflects the price of purchasing goods, services and financial instruments. A cash cost means that cash is given up today to the purchase. Also, the purchase price of an investment, which is compared to… …   Financial and business terms

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