Difference between standard cost and estimated cost in table formate
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However, both estimated costs and standard costs are related to future period of time but there are some significant differences between them. ... Standard costs are used by those organizations that follow standard costing. Standard costs are fixed after scientific analysis of relevant cost elements.
However, both estimated costs and standard costs are related to future period of time but there are some significant differences between them. ... Standard costs are used by those organizations that follow standard costing. Standard costs are fixed after scientific analysis of relevant cost elements.
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