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.
Word creation with prefixes and suffixes. Some prefixes and suffixes are part of our living language, in that people regularly use them to create new words for modern products, concepts, or situations. For example: Email is an example of a word that was itself formed from a new prefix, e-, which stands for electronic. This modern prefix has formed an ever-growing number of other Internet-related words, including e-book, e-cash, e-commerce, and e-tailer. You can read more about prefixes and suffixes on the OxfordWords blog.