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.
Prefixes are key parts of English words. For instance, take the word prefix itself. Pre, which means âbefore,â is the prefix in the word prefix. Fix, which means âfastened,â is the âstem,â or primary part of the word. Thus, a prefix etymologically is that group of letters which is âfastened beforeâ the stem of a word; that is, prefixes begin a word. Two highly used meanings of in are âinâ or âon.â Letâs look at a few examples.