Standard cost: Difference between revisions
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A pre-determined cost of a unit of production or service on the basis of a specification of all the factors affecting costs given normal efficiency. | A pre-determined cost of a unit of production or service on the basis of a specification of all the factors affecting costs given normal efficiency. | ||
== See also == | == See also == | ||
* [[Fixed cost]] | * [[Fixed cost]] | ||
Revision as of 19:32, 28 April 2016
A pre-determined cost of a unit of production or service on the basis of a specification of all the factors affecting costs given normal efficiency.