Actual costing
The actual cost is calculated based on the materials used, hours worked, and purchases made after completing a production order or project. The goal is to gain insight into the actual materials consumed, labor, machine hours, and costs.
By comparing the actual costing, which is the actual costs and time afterwards (= reality), with the pre-costing, which is the expected costs and time beforehand (= planning or budget), you gain better insight into efficiency, deviations, and cost control.
- Published:14 aug 2025 12:42
- TypeBegrippen
- Category
- Product
- AvailabilityOpenbaar