Online Course on Standard Costing

Online Course on Standard Costing

Take this Course for $10
Welcome to this Online Course on Standard Costing

In this course you will learn :

1.Introduction to Standard Costing Techniques
2.Standardd Cost Definition
3.Setting up of Standard Cost
4.Standard Costing Definition
5.Physical Standards
6.Material Quantity Standards
7.Labour Time Standards
8.Problems in setting physical standards
9.Overhead Standards
10.Types of Standards
11.Need for Standard Costing
12.Process of Setting Standards
13.Types of Variances
14.Introduction to Standard Costing Variances 
15.Material Cost Variance
16.Material Price Variance
17.Material Usage Variance
18.CS Material Cost Variance
19.Comprehensive Case Study on Material Cost Variance 
20. MCV more than one material
21.Comprehensive Case Study  MCV
22.Labour Cost Variance
23.Labour Rate Variance
24.Labour Efficiency Variance
25.Case Study Labour Cost Variance
26.Comprehensive Case Study LCV
27.Overhead Cost Variance
28.Production Volume Variance
29.Overhead Expenses Variances
30.Variable Overhead Cost Variance

Course Curriculum

Introduction to Standard Costing Techniques
Standardd Cost Definition
Setting up of Standard Cost
Standard Costing Definition
Physical Standards
Material Quantity Standards
Labour Time Standards
Problems in setting physical standards
Overhead Standards
Types of Standards
Need for Standard Costing
Process of Setting Standards
Types of Variances
Introduction to Standard Costing Variances
Material Cost Variance
Material Price Variance
Material Usage Variance
CS Material Cost Variance
Comprehensive Case Study on Material Cost Variance
MCV more than one material
Comprehensive Case Study MCV
Labour Cost Variance
Labour Rate Variance
Labour Efficiency Variance
Case Study Labour Cost Variance
Comprehensive Case Study LCV
Overhead Cost Variance
Production Volume Variance
Overhead Expenses Variances
Variable Overhead Cost Variance

CA N Raja Natarajan


I am a Chartered Accountant with tonnes of passion for teaching.

I teach Financial Management & Strategic Financial Management for Chartered Accountancy, Cost and Management Accountancy and Company Secretary students in Ernakulam, India. I also hold Post Graduate Diploma in Business Administration in Finance from Symbiosis, Pune and Bachelors in Commerce, from Loyola College, Chennai.

I worked in State Bank of India as Assistant Vice President - Credit for a period of four years after which i started my Chartered Accountancy Practice. During the stint in State Bank of India, I worked on credit proposals of Mid Corporate Units and gained good experience in Financial Analysis, Risk Assessment, Viability Study, Evaluating business models, Project Finance, Working Capital Management, etc.

I conduct work shops for Entrepreneurs, Chartered Accountancy / Cost and Management Accountancy Students on the topics like Project Finance, Credit Risk Assessment, Entrepreneurship Development, Finance for Non Finance Executives, etc.

I love teaching and i want fundamentals of accounting and finance to reach students and so i am here.