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ReportWhat is standard cost in item card? Is any relation between Standard cost and Unit cost?
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What is standard cost in item card? Is any relation between Standard cost and Unit cost?
*This post is locked for comments
Hi Dinesh,
Please verified the suggested answers if it solves your questions.
Regards,
Saurabh Shah
Hi Dinesh,
Standard Cost details as below.
Description : An item’s unit cost is preset based on estimated. When the actual cost is realized later, the standard cost must be adjusted to the actual cost through variance values.
When to use:
Where cost control is critical.
In repetitive manufacturing, to value the costs of direct material, direct labor, and manufacturing overhead.
Where there is discipline and staff to maintain standards
For more information about please visit
msdn.microsoft.com/.../hh997373(v=nav.71).aspx
Regards,
Saurabh Shah
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