AFM: Concepts and Practice · Part D: Taxation and Fundamentals of Costing
Chapter 23: Standard costing and marginal costing
How a firm sets standards and explains each rupee of variance, and how contribution answers a lender’s what-ifs.
Buyers of the e-book, or of the print copy, which includes it, read the whole chapter. Everyone can read the free sample, pages 1 to 24 of the e-book.
In this chapter
- 23.1The standard cost cardp. 311
- 23.2Material variancesp. 312
- 23.3Labour and overheadsp. 313
- 23.4Marginal costing and CVPp. 314
- 23.5Profit planning and decisionsp. 315
- Exam traps and quick checksp. 316
- Practice: 16 questions in three roundsp. 317
- Answers, with every wrong option explainedp. 319
- Make it stickp. 321
- Chapter 23 on one pagep. 322
Corrections and updates
None for this chapter so far. Every correction to the book, and any rule that changes after its date, is listed on the errata page.