Definition and Explanation of Standard Costing: A standard cost is the predetermined cost of manufacturing a single unit or a number of product units during a specific period in the immediate future. It is the planned cost of a product under current and/or anticipated operating conditions.A standard cost has two components: a standard and a cost.A standard is like a norm and whatever is considered normal can generally be accepted as standard. For example, if a score of 72 is the standard for a golf course, a golfer's score is judged on the basis of this standard. standard cost is the predetermined cost of manufacturing a single unit or a number of product units during a specific period in the immediate future.
Common Prefixes and Their Meanings. Adding a prefix to a word changes the meaning or grammatical role of the original word. The following is a list of some common prefixes, their meanings, and examples of the prefix attached to a word. Anti- : against: antifreeze / antilock / antibacterial. Ab- / Abs- : away, from, separated: absent / abhor / abstract.
A prefix is a letter or a group of letters attached to the beginning of a word that partly indicates its meaning. For example, the word prefix itself begins with a prefix-- pre- , which generally means before..Understanding the meanings of the common prefixes can help us deduce the meanings of new words that we encounter. But be careful: some prefixes (such as in-) have more than one meaning (in this case, not and into).ommon Prefixes With Definitions and Examples. The prefix uni-means one, as in unicorn (literally one horn), unison (one sound), and uniform (one shape). (PraxisPhotography/Getty Images).