Standard Cost Card Definition:

Standard cost card is a detailed listing of the standard amounts of materials, labor, and overhead that should go into a unit of product, multiplied by the standard price or rate that has been set for each cost element.

Other Related Accounting Articles:

• Standard Cost Per Unit Definition
• Labor Rate Variance Definition
• Labor Efficiency Variance Definition
• Materials/Store Ledger Card Definition
• Materials Price Variance Definition
• Labor Rate Variance
• Variable Overhead Efficiency Variance Definition
• Materials Quantity Variance Definition
• Direct Labor Efficiency Variance
• Direct Labor Idle Time Variance