standard costing

This topic contains 3 replies, has 2 voices, and was last updated by Profile photo of John Moffat John Moffat 6 days, 13 hours ago.

Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts

  • avatar
    alawi sayed
    Participant
    • Topics: 6
    • Replies: 7

    HI Mr John,

    If the question says the company is using standard costing does it mean it uses absorption costing ,

    Thanks,


    Profile photo of John Moffat
    John Moffat
    Keymaster
    • Topics: 8
    • Replies: 10100

    No – all it means is that they have budgeted on the unit costs (the standard cost is the budgeted cost). It could be absorption or it could be marginal.


    avatar
    alawi sayed
    Participant
    • Topics: 6
    • Replies: 7

    Thanks a lot Mr John,


    Profile photo of John Moffat
    John Moffat
    Keymaster
    • Topics: 8
    • Replies: 10100

    You are welcome :-)

Viewing 4 posts - 1 through 4 (of 4 total)

You must be logged in to reply to this topic.