What are the types of standards?
Following are different types of standards: Basic standards Normal standards Current standards Attainable (expected) standards Ideal (theoretical) standardsBasic standards.Normal standards.Current standards.Attainable (expected) standards.Ideal (theoretical) standards..
What are the 4 types of standards?
Standards in Accounting (4 Types)Ideal, Perfect, Maximum Efficiency or Theoretic Standards: Ideal standards (costs) are the standards which can be attained under the most favourable conditions possible. … Normal Standards: … Basic Standards: … Currently Attainable or Expected Actual Standards:
How many types of quality standards are there?
ASQ Quality StandardsTopic:Standard:Quality ManagementISO 9000 ISO 9001AuditingISO 19011Environmental ManagementISO 14000 ISO 14001Risk ManagementISO 310115 more rows
What are the types of standard costing?
Types of Standards:Current Standard: Current standard is a standard established for use over a short period of time, related to current conditions. … Basic Standard: Basic standard is standard established for use over a long period from which a current standard can be developed. … Ideal Standard: … Attainable Standard:
What is ASTM standards mean?
American Society for Testing and MaterialsASTM International, formerly known as American Society for Testing and Materials, is an international standards organization that develops and publishes voluntary consensus technical standards for a wide range of materials, products, systems, and services.
What are normal standards?
Normal standards represent efficient levels of performance that are attainable under expected operating conditions. Properly set, normal standards should be rigorous but. attainable.