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Standard cost

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › Standard cost

  • This topic has 0 replies, 1 voice, and was last updated 10 months ago by johnbriane.
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  • August 12, 2021 at 4:26 pm #631115
    johnbriane
    • Topics: 146
    • Replies: 147
    • ☆☆☆

    Sir below are some problems associated with standard costing

    1. Continuous improvement maybe more important than meeting standards

    2. Incentives to build inventories

    3. Standard cost reports may not be timely

    Sir I cannot really understand what exactly is the problem with the above statements

    Could you please explain it with examples

    Thank you

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