Standard cost accounting

Standard cost accounting is a traditional cost accounting method introduced in the 1920s,[1] as an alternative for the traditional cost accounting method based on historical costs.[2][3]

  1. ^ Richard Vangermeersch. "Control: Classic model," in: History of Accounting: An International Encyclopedia. Michael Chatfield, Richard Vangermeersch eds. 1996/2014. p. 174-75.
  2. ^ Thomas Downie (1927). The mechanism of standard (or predetermined) cost accounting and efficiency records. p. 7, p. 54
  3. ^ Adolph Matz (1962) Cost accounting. p. 584.