Commerce Optional (UPSC-IAS)
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Best Channel for Commerce Optional student of UPSC( IAS) 2025 and 2026 Benefits 1. Daily Commerce optional updates 2. Current affairs related with Commerce optional 3. Summary notes 4. Value added notes For test series Contact at @csgurukul
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Objectives of Standard Costing:
(a) It helps to implement budgetary control system in operation;
(b) It helps to ascertain performance evaluation.
(c) It supplies the ways to utilise properly material, labour and also overhead which will be economic in character.
(d) It also helps to motivate the employees of a firm to improve their performance by setting up a ‘standard’.
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(e) It also helps the management to supply necessary data relating to cost element to submit quotations or to fix up the selling price of a firm.
(f) It also helps the management to make proper valuations of inventory (viz., Work-in- progress, and finished products).
(g) It acts as a control device to the management.
(h) It also helps the management to take various corrective decisions viz., fixation of price, make-or-buy decisions etc. which will be
Meaning of Standard Costing:
It is a method of costing by which standard costs are employed. According to ICMA, London, Standard Costing is “the preparation and use of standard costs, their comparison with actual cost and the analysis of variances to their causes and points of incidence”.
Commerce Optional (UPSC-IAS),
Daily Study Target for Commerce Optional 30/09
👆Above are subtopic for Commerce Optional Paper 1 of Cost Accounting
✅STANDARD COSTING ✅
Note- Students are advised to read only that subtopics for UPSC commerce Optional Preparation.
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😊 This will be very useful for students of Commerce Optional.
For Guidance Purpose Contact
CA Dhananjay Ojha (Chartered Accountant)
Contact @cadhananjay
180 Marks questions of UPSC Commerce Optional Paper 1 are directly and Indirectly matched with Civil Service Gurukul Commerce Optional Guidance program 2019.
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Congratulations to students and Our Team for great achievement. 😊
Paper was moderate compare to previous year questions.
For Commerce Optional 2020.
Students are being suggested that pls make e notes of costing , financial management & financials institutions.
With best regards
CA DHANANJAY
@cadhananjay
👆those who have practiced daily answer writing practice. This questions are indirectly matching with our daily answer writing practice initiative.
