Why do most companies use normal or standard costing? After all, actual costing gives the actual cost,

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Why do most companies use normal or standard costing? After all, actual costing gives the actual cost, so the firm could just wait until it knows what the cost will be.

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Fundamentals of Cost Accounting

ISBN: 978-0077398194

3rd Edition

Authors: William Lanen, Shannon Anderson, Michael Maher

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Question Posted: Apr 26, 2012 02:16 AM

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Why do most companies use normal or standard costing? After all, actual costing gives the actual cost,

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Actual costing requires knowing the actual costs of overhead as wel...View the full answer

Fundamentals of Cost Accounting

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