Abstract
A system of standard costing establishes what the cost should be to produce a particular item or service before work begins. Whilst the system has its roots in manufacturing industry, it is often used in the service sector. In the catering industry, standard costing techniques can be applied to the preparation of meals, for example.
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© 1993 Sally Messenger and Humphrey Shaw
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Messenger, S., Shaw, H. (1993). Establishing a Standard Costing and Variance Analysis System. In: Financial Management. Palgrave, London. https://doi.org/10.1007/978-1-349-13080-1_15
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DOI: https://doi.org/10.1007/978-1-349-13080-1_15
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-58528-3
Online ISBN: 978-1-349-13080-1
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