International Journal of Economics and Business Administration
Articles Information
International Journal of Economics and Business Administration, Vol.2, No.1, Jan. 2016, Pub. Date: Apr. 22, 2016
The Extent of Application of Standard Costing: A Comparison of Chinese and Pakistani Manufacturing Firms
Pages: 1-6 Views: 967 Downloads: 5268
[01] Mula Nazar Khan, Hailey College of Commerce, University Of the Punjab, Lahore, Pakistan.
[02] Muhammad Rizwan, Hailey College of Commerce, University Of the Punjab, Lahore, Pakistan.
[03] Fahad Islam, Hailey College of Commerce, University Of the Punjab, Lahore, Pakistan.
[04] Zain Ul Aabdeen, Hailey College of Commerce, University Of the Punjab, Lahore, Pakistan.
The purpose of the study is to investigate the extent to which Standard costing and variance analysis is being used by Pakistani and Chinese firms. It also investigates the difference in usage of Standard costing between Pakistani and Chinese firms. Data is collected through questionnaires from 57 Chinese companies and 64 local firms. A close ended questionnaire has been used to collect the data from the sampled companies. The researcher used referring/snowball sampling to approach the manufacturing companies which were included in sample in this study. The questionnaire was adopted from the prior studies. Empirical results Suggest that standard costing is still used in local and Chinese firms. SPSS software is used to test the data. Results indicate that 71 percent of the Chinese firms and 69 percent of the Pakistani firms use the standard costing in their system. Our Research is useful for the corporate managers while making decisions regarding Costing system.
Standard Cost, Cost Control, Pakistan, Inventories, Chinese, Evaluation, Management Accounting
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