Definitions and Calculations

This section defines standard and current costs and describes how Product Costing calculates both total costs and this-level costs.  To understand how Product Costing works, you must understand these definitions and calculations. 

Related

• Standard Costs
• Current Costs
• This-Level/Total Costs
• Material Costs
• Labor Costs
• Overhead Costs
• Miscellaneous Costs
• Fixed-Time Operations
• Cost Rollup Factors
• Flags Controlling Selective Cost Rollover