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Cambridge AS & A Level Accounting

4.2Standard costing

Standard costing in Cambridge AS & A Level Accounting: what the syllabus expects you to know, the learning objectives and how to practise.
Topic109 practice questions5 lessons

In this topic

Lessons

  • Analysing variances and reconciling standard to actual

    55 min

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  • Direct material and direct labour variances

    55 min

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  • Fixed overhead variances: expenditure, volume, capacity and efficiency

    45 min

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  • Sales price and sales volume variances

    45 min

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  • Standard costing: meaning, standards and uses

    45 min

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Sample question

A sample question on this topic. Answer it, check it, then read the worked answer.

Standard costing: sample question

1 mark

Which type of standard assumes perfect conditions with no waste or idle time?

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