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 syllable placed in front of a word to add or to change its meaning. Prefix -- Meaning -- Example. 1) anti -- against, opposite -- anti-fungal, antidepressant. 2) auto -- self -- autograph, automobile. 3) bi -- two -- bicycle, bivalve.