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Standards, Budgets and Variance Analysis
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Reference: CN-158-E
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Number of pages: 26
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Publication Date: Jan 1, 1986
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Fecha de edición: Dec 9, 2014
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Source: IESE (España)
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Type of Document: Technical Note
Description
This note presents the basic concepts of standard costs in the context of the budgeting process.
First, the process of preparing standard costs is outlined, both for direct and indirect costs.
Then, in the second part of the note, variance analysis is introduced, together with standard costs systems.