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Jun 2010

Standard costing: insights from leading companies

The current economic crisis has created significant cost pressures on businesses. This, coupled with foreign exchange, raw material and commodity price volatility, has increased the focus on the appropriateness, application and use of standard costs.

In the light of the current climate KPMG in the UK has undertaken some global research designed to highlight the current trends and issues around standard costing. This document sets out a summary of the key findings of that research.

Standard costing remains an important part of any decision making toolkit but it should not be the whole answer.

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Standard costing: insights from leading companies