Question
Standard cost and Estimated cost
Answer :
Word Count : 217
The following are some of the important differences between standard cost and estimated cost:
| Standard Cost | Estimated Cost
|
| Standard cost emphasizes as what the cost ‘should be’ in a given set of situations. | Estimated cost emphasizes on what the cost ‘will be’. |
| Standard costs __________ _________ ________ ________ __________ ______ ____ __________ ___ ___. ___ ___ _________ ________ ________ ________ ______ _____ ____. _______ ____ _____ __________ ______ ________ _______ ______ _______ _______. ________ _______ _______ __________ _________ _____ ______ ___ __________ ______ __________ ____. ________ ______ ___ _______ ______ ______ __________. _____ ________ ___ ______ ____. __________ _______ ________ _________ __________ _______ ___ ______. ________ _______ _________ _____ ___ _____ ____ ____ _______ __________ ______ ________. __________ _________ ________ _______ ____ ________ _______ ________ ______. __________ ____ ______ ____ __________ _________. _______ ______ _________ _______ ____ ______ ____ ____ ________ ______ ______ __________. ___ _____ ___ ______ _______. _____ _____ _____ ______ _____ ________ ______ _____ _______ _________. _____ _____ _______ _________ __________ ____ ___ ________ ____ _________ __________. ______ ____ _____ ___ ____ ____ ______ ________ _______ __________. _________ __________ _____ ____ _________ _________ ____ ________ ____. __________ __________ _____ ________ ___ __________ ____ __________ ________. _______ ____ ______ _______. IGNOU ACADEMY Your IGNOU journey, made easier.
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