Definicja standard cost estimate (CO-PC)

The most important type of cost estimate in material costing.

Forms the basis for profit planning or product costing where the focus is on determining the variances.

Typicall, a standard cost estimate is created for each product at the beginning of the fiscal year or new season.

Standard cost estimates establish standard prices for semifinished products and finished products. The costs calculated in standard cost estimates are used to valuate materials with standard price control.