• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for September 2025 exams.
Get your discount code >>

Standard costing (Kaplan 166)

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › Standard costing (Kaplan 166)

  • This topic has 2 replies, 2 voices, and was last updated 3 hours ago by Aynur02.
Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • August 10, 2025 at 1:21 pm #718700
    Aynur02
    Participant
    • Topics: 18
    • Replies: 19
    • ☆

    Hello dear tutor. Can you explain to me in a simple way, why B is incorrect?

    Which one of the following best defines standard costing in a system of budgeting?
    A all activities are examined without reference to history each year
    B output level and costs are predetermined, actual results then compared with these
    predetermined costs and variances analysed
    C actual costs are compared with predetermined costs for the level of activity
    D costs are assigned to a manager in order that controllable and non-controllable costs
    are accounted for

    August 10, 2025 at 9:31 pm #718703
    LMR1006
    Keymaster
    • Topics: 4
    • Replies: 1534
    • ☆☆☆☆☆

    This definition accurately reflects the essence of standard costing, which involves comparing the actual costs incurred during a specific period with the predetermined standard costs that are set based on expected levels of activity.

    The purpose of this comparison is to analyse variances, which helps organisations assess their performance and identify areas for improvement.

    Option B, while it mentions predetermined costs, implies a broader comparison of actual results against these costs without specifically focusing on the level of activity, which is a key aspect of standard costing.

    August 12, 2025 at 9:48 pm #718732
    Aynur02
    Participant
    • Topics: 18
    • Replies: 19
    • ☆

    Thank you Sir!

  • Author
    Posts
Viewing 3 posts - 1 through 3 (of 3 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • JocelynChen on Goodwill, NCI and group retained earnings – ACCA (SBR) lectures
  • ParthivP on FA Chapter 5 Questions IAS 37 – Provisions, Contingent Liabilities and Contingent Assets
  • Ken Garrett on Marketing – ACCA Accountant in Business (AB)
  • Relebohile10 on CIMA P2 Chapter 1 Test
  • AhmedRiflan on Business Documentation – ACCA Financial Accounting (FA) lectures

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in