How does standard costing differ from actual costing?
Standard costing assigns predetermined estimated values to each of your materials, labor, overhead. actual costing assigns ever changing actual costs to each component in manufacturing process.
How does standard costing differ from actual costing?
Standard costing assigns predetermined estimated values to each of your materials, labor, overhead. actual costing assigns ever changing actual costs to each component in manufacturing process.
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.