Standard costing designates xed costs brought about in a bookkeeping period to the products created during that period. This permitted the full expense of items that were not sold in the period they were created to be recorded as 'stock' yet to be determined sheet to be conveyed forward to the following bookkeeping time frame, utilizing an assortment of mind boggling bookkeeping techniques, which was steady with the standards of GAAP {Generally Accepted Accounting Principles}. lt likewise basically.r empowered supervisors to disregard the proper expenses, and take a gander at the aftereffects of every period comparable to the "standard expense" for some random item