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Standard cost. An estimate of how much cost a firm should incur to produce a good or service.
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∙ 13y ago
A standard cost is a predetermined cost that a company expects to incur in producing a unit of product or providing a service. It is used as a benchmark for evaluating actual costs and performance. The standard cost is based on factors such as historical data, industry benchmarks, and management estimates.
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How much did a standard gun cost in World War 2?
Sorry- you will need to define "standard gun" There were several nations that all had their own "standard" gun.
How would you define a current cost?
Current cost. Replacement cost or net realizable value.
How would you define a cost driver?
The term "cost driver" refers to the activity that causes cost to change.
Define the meaning of standard costing?
The term "standard cost" comes from the accounting area. Usually it describes the cost of producing a good or offering a service under regular conditions (so-called "sunshine" case).
Define cost price and selling price?
define cost and selling price
How much would it cost to fix a computer blackbox?
Could you define a "computer blackbox"?
How would you define a book cost?
Book cost ; sunk cost. A cost incurrence where the cash expenditure has already occurred, such as the cost of depreciation for a machine purchased several years ago.
What is the standard form of a straight line?
I would claim that a straight line is slightly bend as we define straight from the horizon.
How would you define a traceable cost?
Traceable cost ; direct cost. A cost the firm can identify with a specific product, such as the cost of a computer chip installed in a given personal computer, or with some activity.
How would you define a cost?
A cost is generally understood to be that sacrifice incurred in an economic activity to achieve a specific objective, such as to consume, exchange, or produce.
Which tool is most commonly used in the standard model dmaic define phase?
The Kano model is most commonly used in the define phase of the DMAIC (define, measure, analyze, improve, and control) standard improvement model.
Which is most commonly used in the standard improvement model dmaic define phase?
The Kano model is most commonly used in the define phase of the DMAIC (define, measure, analyze, improve, and control) standard improvement model.
