Standard Cost in Financial Formulas

Standard Cost is the predetermined or estimated cost that a business expects to incur for producing a unit of product or delivering a service, based on standard pricing and efficiency levels. And is denoted by SC.

Financial formulas that make use of Standard Cost

fxPurchase Price VarianceGo

FAQ

What is the Standard Cost?

Standard Cost is the predetermined or estimated cost that a business expects to incur for producing a unit of product or delivering a service, based on standard pricing and efficiency levels.

Can the Standard Cost be negative?

{YesorNo}, the Standard Cost, measured in {OutputVariableMeasurementName} {CanorCannot} be negative.

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