standard costing

This topic contains 3 replies, has 2 voices, and was last updated by Profile photo of John Moffat John Moffat 5 months, 2 weeks ago.

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    alawi sayed
    Participant

    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

    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.


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    alawi sayed
    Participant

    Thanks a lot Mr John,


    Profile photo of John Moffat
    John Moffat
    Keymaster

    You are welcome :-)

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