7/27/2019 Starting Five Pages-1

1/5

A Project Report on

STANDARD COSTING SYSTEM AND VARIANCE

ANALYSIS

Masters of Commerce

(Accountancy)

Semester I

Submitted

In partial Fulfillment of the requirements

For the Award of Degree of

Masters of Commerce (Accountancy)By

NOORAL ALFA BASHIR AHMED

_____________________________________________________________

VIVEK COLLEGE OF COMMERCEVIVEK COLLEGE ROAD, SIDDHARTH NAGAR

GOREGAON (W), MUMBAI-400 062.

7/27/2019 Starting Five Pages-1

2/5

VIVEK COLLEGE OF COMMERCE

VIVEK COLLEGE ROAD, SIDDHARTH NAGAR

GOREGAON (W), MUMBAI-400 062.

CERTIFICATE

This is to certify that NOORAL ALFA BASHIR AHMED of

M.com.

Accountancy Semester I (2012-2013) have

Successfully completed the project on

STANDARD COSTING SYSTEM AND VARIANCE

ANALYSIS under the

Guidance of Prof:

_______________ _______________

Internal Guide External Guide

_____________ ____________

Co-ordinator Principal

7/27/2019 Starting Five Pages-1

3/5

DECLARATION

I NOORAL ALFA BASHIR AHMED the student of M. Com.

Accountancy Semester I (2012-2013) hereby

Declare that I have completed the projects on

STANDARD COSTING SYSTEM AND VARIANCE

ANALYSIS

The information submitted is true and original to the

best of my Knowledge

________________

NOORAL ALFA

Date:-

7/27/2019 Starting Five Pages-1

4/5

Acknowledgement

To list who all have helped me in difficult because they are so

numerous and the department is so enormous.

I would like to acknowledge the following as being idealistic channels

and fresh dimension in completion of this project.

I take this opportunity to thank the UNIVERSITY OF MUMBAI for

giving me a chance to do this project.

I would like to thank my principal Smt. Nandita Roy for providing the

necessary facilities for the completion of this project.

I take this opportunity to thank our coordinatorProf. Pradip Hathi for

his moral support and guidance.

I would also like to express my sincere gratitude towards my project

guide Prof. Pradip Hathi whose guidance and care made this project

successful.

I would like to thank my college library for having provided various

reference books and magazines related to my project.

Lastly I would like to thank each and every person who directly or

indirectly helped me with the completion of the project especially my

parents and peers who supported me throughout the project.

NOORAL ALFA

7/27/2019 Starting Five Pages-1

5/5

INDEX

SR.NO TOPIC PAGE NO.

1. INTRODUCTION STANDARD COSTING 1-3

2. MATERIAL STANDARDS 4

3. LABOUR STANDARD 5-9

4. OVERHEAD STANDARDS AND VARIANCE

ANALYSIS

10-14

5. CASE STUDY OF HARDEN COMPANY STRAYER

COMPANY

15-16

6. CASE ANALYSIS OF PARKSIDE PRODUCTS 17-23

7. NEED OF STANDARD COSTING 24-29

8. SUMMARISED FORMULAS FOR S TANDARD COSTING 30

9. ADVANTAGES OF STANDARD COSTING 31-32

10. LIMITATION OF STANDARD COSTING 33

11. SUMMARY 34

12. BIBILOGRAPHY 35