Standard costing

Standard costing

Bachelor of Business Studies (BBS) — Second Year

Subject: Cost and Management Accounting (MGT 212)

Unit 7: Cost Accounting for Planning and Control

Academic Year: 2083/84

Topic Objectives

After studying this topic, students should be able to:

• Explain the scope and key elements of standard costing.
• Prepare the relevant cost records or calculations and interpret their use in managerial planning and control.

Curriculum Scope

• Standard cost and standard costing
• Features, applications, advantages and limitations
• Standard versus budget

Detailed Microsyllabus

1. Standard-costing foundations

   1. Standard cost and standard costing.
   2. Features and suitable applications.
   3. Advantages and limitations.

2. Standards and budgets

   1. Setting input quantities and prices.
   2. Distinguish a unit standard from a period budget.
   3. Use standards for variance investigation and control.

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Curriculum reference: Tribhuvan University, Faculty of Management, revised four-year BBS curriculum, PDF pages 31-34.

Source note: The curriculum scope above is retained from the existing TU syllabus breakdown. The numbered study subtopics are editorial elaborations for teaching and study, rather than a separately issued TU syllabus. Unit or component allocations apply at their stated level; no separate topic hours or marks are assigned here.