standard costing Meaning in the Cambridge English Dictionary
Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

Meaning of “standard costing” in the English Dictionary

"standard costing" in Business English

See all translations

standard costingnoun [C or U]

uk   us   ACCOUNTING
a ​system used for ​calculating the expected ​cost of a ​product by using ​data from similar ​projects to ​measure and ​control the ​realcosts. A ​standardcostingincludes a ​share of overheadcosts (= ​generalbusinesscosts): The ​standardcostingsystem is a helpful ​tool for ​creating a ​budget for the ​development of a new ​product.
(Definition of standard costing from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of standard costing?
Add Cambridge dictionaries to your browser to your website
Word of the Day


the shiny brown poisonous nut of a horse chestnut tree

Word of the Day

Meerkat meme
Meerkat meme
by Colin McIntosh,
September 03, 2015
Meerkats are not new to popular culture (they appear in the folk tales of the San people of the Kalahari), but their arrival in the public’s consciousness, at least in the UK and the US, is a relatively recent phenomenon. Meerkats are small, sociable Southern African mammals that live in large family

Read More 

parklet noun
parklet noun
August 31, 2015
a public outdoor space that may be associated with a local business but where anyone can sit Pop-up cafes in NY are what’s actually called parklets in many other places around the country.

Read More