standard cost


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standard cost

n
(Accounting & Book-keeping) accounting the predetermined budgeted cost of a regular manufacturing process against which actual costs are compared
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Once approved, 5+ Club members receive a welcome letter and a membership card that they can use to receive 20 percent reduction on the standard cost of interim and full vehicle services and the annual MoT test at participating Toyota centres.
Each item has a minimum specification and has been allocated a standard cost which the grant will pay 40 per cent towards.
Following feedback from the Welsh Fishermen's Association, the Welsh Government has created a new Standard Cost Scheme, which simplifies access to the EU Maritime & Fisheries Fund.
But ABC is just a new way to be wrong, which Johnson proved in his next book, Profit Beyond Measure, a study of how Toyota does not use standard cost accounting.
And he said the standard cost of using the road should be cut because the standard cost for most cars was PS2 when it first opened in 2003 but has risen to PS5.50 today.
He said: "If the M6 toll is to serve the best interests of the West Midlands and our economy as it was built to, we must see fundamental reform of how it operates, espe-cially during gridlock and crisis situations." And he said the standard cost of using the road should be cut because the standard cost for most cars was PS2 when it first opened in 2003 but has risen to PS5.50 today.
The standard cost for cars was PS2 when the toll motorway first opened in 2003 but it has since spiralled to PS5.50.
He took you through the nuances of standard cost accounting.
The standard cost is [pounds sterling]300 per head, although region-and volume-related discounts may be available.
Initially, I placed an order for a 1MB broadband line, which has a standard cost of Dh259.99, on December 4, 2013.
Some of these include standard cost accounting, marginal cost accounting, lean principles, activity based costing, etc.
The total variance is the difference between the actual cost and the standard cost, expressed mathematically as (AR X AQ) - (SR X SQ).

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