Daily Answer Writing Practice for Commerce Optional UPSC (Mains)- Day 62

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Topic – Standard Costing

#Q.1) Explain the usefulness of variance analysis for effective control of costs in a business enterprise.-  10 Marks

#Q.2)   How does standard costing and Variance analysis technique work as a cost reduction and cost control measure in any manufacturing firm? Explain clearly-15 Marks

#Q.3)    Explain the illustration difference between the following: Standard Costing & Budgetary Control.   10 Marks

 

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