Difference between revisions of "Actual Costs"
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== Related Topics/Pages == | == Related Topics/Pages == | ||
| + | [[CAS 401 - Consistency in Estimating, Accumulating, & Reporting Costs]] | ||
[[FAR 31 - Cost Principles]] | [[FAR 31 - Cost Principles]] | ||
Latest revision as of 09:31, 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]
Related Topics/Pages
CAS 401 - Consistency in Estimating, Accumulating, & Reporting Costs
