Define: Total Standard Cost

Business, Legal & Accounting Glossary

Definition: Total Standard Cost


Quick Summary of Total Standard Cost


In standard costing, the total standard production cost plus the standard cost allowance for the non-production overhead.



What is the dictionary definition of Total Standard Cost?

Dictionary Definition


The total standard production cost plus the standard cost allowance for the non-production overhead.


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Full Definition of Total Standard Cost


In standard costing methods, the total standard cost is calculated by adding the production cost to the standard cost allowance for the non-production overhead.


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Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/total-standard-cost/
Modern Language Association (MLA):
Total Standard Cost. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. April 07, 2020 https://payrollheaven.com/define/total-standard-cost/.
Chicago Manual of Style (CMS):
Total Standard Cost. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/total-standard-cost/ (accessed: April 07, 2020).
American Psychological Association (APA):
Total Standard Cost. PayrollHeaven.com. Retrieved April 07, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/total-standard-cost/

Definition Sources


Definitions for Total Standard Cost are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 12th December, 2019