What is the purpose of standard costing?

Related questions

1. How is target cost calculated in SAP?
2. How do we calculate cost?
3. What are the two categories of quality cost?
4. What is total life cycle costing?
5. What is target cost per unit?
6. How do you calculate the selling price?
7. How do you calculate what a stock price should be?
8. What is target costing in accounting?
9. What is prevention cost example?
10. What is a good price to book ratio?

Tags

1. #planning
2. #process
3. #performance
4. #budgets
5. #costs
6. #management
7. #evaluating
8. #involves
9. #system
10. #accounting
11. #estimating
12. #standard
13. #controlling
14. #costing
15. #required
16. #managing
17. #production