Cheatography
https://cheatography.com
Normal, Actual, Standard and Calculations
This is a draft cheat sheet. It is a work in progress and is not finished yet.
Normal CostingActual direct Costs are assigned to jobs as incurred | Category | Normal Costing | MOH is applied using POR | DM | Actual Qty x Actual Cost | | | DL | Actual Qty x Actual Cost | | | MOH | Actual Qty Cost Driver x POR |
Actual CostingActual direct costs are assigned to jobs as incurred | Category | Actual Costing | Actual MOH assigned when actual amounts are known | DM | Actual Qty x Actual Cost | | | DL | Actual Qty x Actual Cost | | | MOH | Actual OH Cost |
Standard CostingStandard direct costs are assigned to jobs as incurred | Category | Standard Costing | MOH assigned using standard POR | DM | Quantity x Price | | | DL | Quantity x Price | | | MOH | Standard DL Hours x POR |
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