unit 8/9

Tracey Fraser

I know that this stuff is NOT rocket science, but i really don't get the Standrard stuff on the budgeting, i feel as thick as a brick but i just don't get what they actually asking for? and why?

Rinske

What standard stuff on the budgeting do you mean?
Do you mean the standard costs per unit or are you on about something else?

Could you please be a bit more specific?

Tracey Fraser

my lecturer has given us this formula for calculating the "standard" for material variance, price and usage and to be honest its so complicated, however i have relooked at them and kind of get it now thanks.