Difference between revisions of "Actual Costs"
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'''“Actual costs”''' means (except for FAR Subpart 31.6) amounts determined on the basis of costs incurred, as distinguished | '''“Actual costs”''' means (except for FAR Subpart 31.6) amounts determined on the basis of costs incurred, as distinguished | ||
| − | from forecasted costs. Actual costs include standard costs properly adjusted for applicable variances.<ref>FAR 31</ref> | + | from forecasted costs<ref>CAS 401</ref>. Actual costs include standard costs properly adjusted for applicable variances.<ref>FAR 31</ref> |
| − | == Related Topics == | + | == Related Topics/Pages == |
[[FAR 31 - Cost Principles]] | [[FAR 31 - Cost Principles]] | ||
Revision as of 09:29, 23 August 2014
“Actual costs” means (except for FAR Subpart 31.6) amounts determined on the basis of costs incurred, as distinguished from forecasted costs[1]. Actual costs include standard costs properly adjusted for applicable variances.[2]
