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  • Standard Costing, Operational Performance Measures, and The Balanced Scorecard

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    Prince Isaiah Jacob
    8 views95 pages
    Standard costing is a method used to estimate costs and plan budgets by setting standard costs for materials, labor, and overhead. It allows companies to compare actual costs to standard costs to measure operational performance and identify areas for improvement. The balanced scorecard takes standard costing a step further by linking operational measures like costs to strategic objectives and outcomes to provide a more comprehensive view of organizational performance.

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    Lesson in Managerial Accounting.

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    Standard Costing, Operational Performance Measures, and the Balanced Scorecard

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    Standard costing is a method used to estimate costs and plan budgets by setting standard costs for materials, labor, and overhead. It allows companies to compare actual costs to standard costs to measure operational performance and identify areas for improvement. The balanced scorecard takes standard costing a step further by linking operational measures like costs to strategic objectives and outcomes to provide a more comprehensive view of organizational performance.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    8 views95 pages

    Standard Costing, Operational Performance Measures, and The Balanced Scorecard

    Uploaded by

    Prince Isaiah Jacob
    Standard costing is a method used to estimate costs and plan budgets by setting standard costs for materials, labor, and overhead. It allows companies to compare actual costs to standard costs to measure operational performance and identify areas for improvement. The balanced scorecard takes standard costing a step further by linking operational measures like costs to strategic objectives and outcomes to provide a more comprehensive view of organizational performance.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 95

    Standard Costing, Operational

    Performance Measures, and


    the Balanced Scorecard

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