Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Accounting and Auditing Cost and Management Accounting Standard costing
Sequence the following activities in the process of standard costing.
A. Establishing standard costs
B. Measurement of actual costs
C. Identifying variances and causes of variance
D. Disposing the variances to cost and profit centers
E. Comparision of actual and standard costs
Choose the correct answer from the options given below:
1
A, B, E, C and D
2
A, B, C, D and E
3
A, B, E, D and C
4
A, B, D, C and E