Standard v budgeted costs - what's the difference

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sorcha
sorcha Registered Posts: 9 New contributor 🐸
Please, please can someone explain the difference between these two when calculating costings in MAC Unit 33

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  • SandyHood
    SandyHood Registered, Moderator Posts: 2,034 mod
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    Budgeted costs are the standard costs of the planned output
    Standard cost of actual production is the standard cost of the actual output

    Standard cost of kgs purchased is the standard cost of 1 kg x the actual kgs purchased
    Sandy
    sandy@sandyhood.com
    www.sandyhood.com
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