Explore BrainMass

An Introduction to Standard Costing

Carol Sargent, PhD (#107956)

In this series, Academic Expert Carol Sargent introduces us to Standard Costing, the first section of her Budgeting Super-Series. In this lecture, Carol explains what standard costing is, how standards are created and calculated during job-costing, the difference between ideal standards and practical standards, and some overall pros and cons of costing. The second part of the series involves an interactive comprehension check. This video lecture is ideal for any students enrolled in college or university level accounting or business programs.

In this series: 2 Videos | 00:11:22 Total Length

Part #: 1 | 05:42

An interactive comprehension check with solved problems.

Part #: 2 | 05:40