Restrictions of standard costing
Write down the restrictions of standard costing?
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- Basically it is not easy to set up standard costing
- Recurrent amendment of standards is costly.
- Within the short period of time, standards become unbending.
- Set of standards makes disturbance amongst the employees because of the non accomplishment of the same. Therefore, sometimes it makes unfavorable effects.
- Every organization has dissimilar setting of parameters to set standards for themselves. Therefore, it might not be appropriate in all kinds of organizations.
- It will be not easy to appropriately inspect the discrepancy because of a variety of random factors.
-Management’s scarcity of interest in the standard costing creates it unproductive means of cost control.
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