The estimated cost of a process, resource, or item used in a manufacturing enterprise, entered in an account and compared with the actual cost so that anomalies are readily detectable.
标准成本
Example sentencesExamples
Prior to Managerial Accounting, popular cost accounting textbooks were focused on the calculation of unit product costs in job order, process and standard cost systems.
This budget employed a standard cost for each production step.
Not many years ago the advocates of standard costs were like voices crying in the wilderness.
He discussed why standard costs were needed to improve efficiency.
The only exception was in a few firms that had implemented standard cost systems to provide information for monitoring the efficiency of production separately from the general ledger.
Derivatives
standard costing
noun
Towards the end of the war, however, the system was gradually abandoned in favor of standard costing and budgetary control.
Example sentencesExamples
In actuality, norm-based accounting was first employed in the early 1900s when standard costing and other scientific management principles became socially acceptable.
It is easy to understand why standard costing was not appropriate in the industrial environment of World War II.
In Spain standard costing was used for decision making as early as the 17th century.
In the context of the development of scientific management, it is, of course, standard costing which is seen as being the key accounting change.