ZIMSEC A-Level Accounting
3.5Standard Costing
Standard Costing in ZIMSEC A-Level Accounting: what the syllabus expects you to know, the learning objectives and how to practise.
Subtopic87 practice questions4 lessons
Learning objectives
What the syllabus expects you to be able to do.
- 3.5.1Explain standard costing, set standards and identify the types of standard.
- 3.5.2Calculate material, labour and sales variances, explain their causes and interpret them.
- 3.5.3Reconcile standard to actual costs and standard to actual profit.
Lessons
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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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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
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