Need an research paper on standard costing methods. Needs to be 7 pages. Please no plagiarism.

Need an research paper on standard costing methods. Needs to be 7 pages. Please no plagiarism. This point of view is well supported by both early (Solomons, 1952) and contemporary researches (Boyns and Edwards, 1997a). Needless to say, standard costing has come a long way before it became generally accepted.

Originally, cost accounting systems were mainly concerned with variable costs, such as labor and raw materials expenditures. This trend reflected the nature of businesses of that time, which had their variable costs dominating over fixed costs. It was found that before the First World War standard costing system largely interacted with organizational structure and strategic decision making (Boyns and Edwards, 1997b). Still, no evidence was found that the costing system had been used in eliminating wastes and inefficiencies. Moreover, costing practices at that time were limited only to basic industries, such as coal and iron.

Later, in 1900-1950 cost accounting at large, and standard costing in particular expanded further in the UK. Although still being under strict control at engineering (state policy prohibited profiteering in that sector), it developed into government departments and business generally. Standard costing was promoted with accountants connecting theory with practice and a considerable variation was found in the perception of standard costing between different times and places of that period in Britain (Boyns and Edwards, 1997c). Therefore the standard costing system was not still implemented widely throughout the industries in Britain. It began to grow in popularity as a rather simple and accurate way of improving the internal efficiency of a business. Nevertheless, issues of considering fixed assets, especially, depreciation created ambiguities for users of standard costing. These difficulties were strengthened with the trend of fixed costs (depreciation, maintenance, tooling, production control, purchasing, storage, etc.) increasing in value and variable costs decreasing.

Accounting historians indicate that the&nbsp.significant change in management accounting occurred only in the late 1950s. In fact, the term ‘management accounting’ itself began to enter the language of British accountancy, stressing the connection between these two fields of operations.&nbsp.

Show more

Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your essay today and save 10% with the coupon code: best10

Academic Pros