Standard,Budgeted and Actual costs

System
System Posts: 100,534 🤖 Admin 🤖
This may sound like a stupid question but i am studying for the PEV paper and really struggling.

The main problem is, i just cant work out the difference between Budgeted costs and Standard cost.

Could someone please explain it, in as simple terms as possible, the difference between the standard, budgeted and actual?

I would really appreciate the help.

Thank you all in advance.

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Standard,Budgeted and Actual costs

    Try this link www.businesseye.org.uk/4744.file.dld

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