Difference between revisions of "Actual Costs"
From Knowledge base
Line 1: | Line 1: | ||
'''“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]