- 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.
total standard cost
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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
