ACCA F5 题型归类--variance.docVIP

General standard costing outline the use of standard costing standard costing is useful where there is a significant degree of repetition in the production process. This is because the standard costs are averages. Valuation of inventories and costs of production for reporting purposes Provide an excellent basis which enables costs to be monitored, reviewed and controlled by management Enable the exception reporting through the use of variance analysis to control costs with a lower degree of effort and less time Assisting in the budgeting process Establish a good basis to evaluate manageri