Abstract
This is a method of costing which provides management with information on practically a day-to-day basis and overcomes the problems of historical costing whereby the results of a job are not known until completion. Although an investigation might be carried out into the reasons for the failure to meet the original estimate, such an investigation is too late to be of value so far as the completed job is concerned.
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© 1977 A. A. Callam and M. J. Ryder
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Callam, A.A., Ryder, M.J. (1977). Standard Costing. In: A Foundation in Business Accounting. Palgrave, London. https://doi.org/10.1007/978-1-349-02640-1_12
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DOI: https://doi.org/10.1007/978-1-349-02640-1_12
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-18452-3
Online ISBN: 978-1-349-02640-1
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