standard costing

This topic has 3 replies, 2 voices, and was last updated 11 years ago by John Moffat.

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March 21, 2015 at 7:01 am #233521
alawi sayed
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HI Mr John,

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

Thanks,
March 21, 2015 at 9:44 am #233528
John Moffat
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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.
March 21, 2015 at 5:13 pm #233581
alawi sayed
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Thanks a lot Mr John,
March 21, 2015 at 9:53 pm #233610
John Moffat
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You are welcome 🙂
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