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  • 21-10-2020
  • Computers and Technology
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Actual cost:

How is it calculated?

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  • 21-10-2020

Answer:

One method of calculating product costs for a business is called the actual costs/actual output method. Using this technique, you take your actual costs — which may have been higher or lower than the budgeted costs for the year — and divide by the actual output for the year.

Explanation:

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