How would a clothes retailer classify the following costs?
Cost???????????????????????????????????????????????????????? Materials??????????????? ?Labour????????????? Expenses
Designer skirts???
Heating costs???
Depreciation of fixtures and fittings???
Cashier staff salaries???
Cost???????????????????????????????????????????????????????? Materials??????????????? ?Labour????????????? Expenses
Designer skirts???????????????????????????????????????????? 對
Heating costs????????????????????????????????????????????????????????????????????????????????????????????????????????? 對
Depreciation of fixtures and fittings???????????????????????????????????????????????????????????????????????? 對
Cashier staff salaries??????????????????????????????????????????????????????????????????? 對
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Explain what is meant by standard costing
Explain what is meant by a standard cost
Describe four types of standard.
Explain what is meant by a standard hour.
Give five possible sources of information from which a standard materials price may be estimated.
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