Prabhu TL

Prabhu TL is a SenseCentral contributor covering digital products, entrepreneurship, and scalable online business systems. He focuses on turning ideas into repeatable processes—validation, positioning, marketing, and execution. His writing is known for simple frameworks, clear checklists, and real-world examples. When he’s not writing, he’s usually building new digital assets and experimenting with growth channels.
11924 Articles

Direct Labor Variance

Direct labor variances are categorized as follows: ●      Labor Cost Variance ●      Labor Rate…

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Direct Material Variance

Material variances can be of the following categories: ●      Material Cost Variance ●      Material…

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Cost Accounting – Variance Analysis

When the actual cost differs from the standard cost, it is called…

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Standard Cost Card

Format                 Standard Cost CardNo ... ... ... ...Product... ... ... ...Date of…

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Points Related to Standard Costing

●      Standard costing includes pre-determination of costs under specific working conditions. ●      In this…

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Cost Concept

It is a very important concept based on the Going Concern Concept.…

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Cost Accounting – Standard Costing

Planned cost is a key for effective cost control which is not…

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Advantages of Marginal Costing

The advantages of marginal costing are as follows: ●      Easy to operate and…

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Income Statement under Marginal Costing

Income StatementFor the year ended 31-03-2014ParticularsAmountTotalSales 25,00,000Less: Variable Cost:  Cost of goods manufactured12,00,000 Variable Selling Expenses3,00,000 Variable…

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Ascertainment of Profit under Marginal Cost

‘Contribution’ is a fund that is equal to the selling price of…

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