Standard costs,budgeted costs

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
Could someone please help me to understand standard and budgeted costs please.

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Standard costs,budgeted costs

    Essentially these are the same thing. You flex your budget to match your actual output/production, then calculate your variances from there.

    Regards

    Dean
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Standard costs,budgeted costs

    Thanks a lot

    Regards

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