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Explain in detail Unit Standards & Basic Concepts of Standard Costing Explain how Standards are Developed. Also explain in detail the Types of Standards. Explain

  1. Explain in detail Unit Standards & Basic Concepts of Standard Costing
  2. Explain how Standards are Developed. Also explain in detail the Types of Standards.
  3. Explain in detail why Standard Cost Systems are Adapted.
  4. Explain in detail Variance Analysis. Explain in detail Price & Usage Variances.
  5. Explain in Detail Variance Analysis: Materials & Labor. Also explain Total Variance for Materials, and Direct Material Variance
  6. Explain in Detail Total Variance Analysis: Direct Labor.
  7. Explain in Detail Overhead Analysis.
  8. Explain in detail the Comparison of the Variable Overhead Spending Variance with the Price Variances of Materials and Labor
  9. Explain in Detail fixed Overhead Analysis

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