Difference between revisions of "Standard cost"
(Created page with "Standard cost is a carefully determined cost of a unit of output. ==Definitions== According to Cost Accounting by Horngren, Datar, Rajan (14th edition), :Standard c...") |
|||
| Line 4: | Line 4: | ||
According to [[Cost Accounting by Horngren, Datar, Rajan (14th edition)]], | According to [[Cost Accounting by Horngren, Datar, Rajan (14th edition)]], | ||
:[[Standard cost]]. A carefully determined cost of a unit of output. | :[[Standard cost]]. A carefully determined cost of a unit of output. | ||
| + | According to [[Managerial Accounting by Braun, Tietz (5th edition)]], | ||
| + | :[[Standard cost]]. The budget for a single unit of product. Also simply referred to as standards. | ||
[[Category: Accounting]][[Category:Articles]] | [[Category: Accounting]][[Category:Articles]] | ||
Latest revision as of 19:00, 16 July 2020
Standard cost is a carefully determined cost of a unit of output.
Definitions
According to Cost Accounting by Horngren, Datar, Rajan (14th edition),
- Standard cost. A carefully determined cost of a unit of output.
According to Managerial Accounting by Braun, Tietz (5th edition),
- Standard cost. The budget for a single unit of product. Also simply referred to as standards.
