The IT Law Wiki

Standard cost

32,081pages on
this wiki
Add New Page
Add New Page Talk0

Definition Edit

Standard cost is

[t]he normal expected cost of an operation, process, or product including labor, material, and overhead charges, computed on the basis of past performance costs, estimates, or work measurement.[1]

References Edit

  1. Defense Acquisition University, Glossary, at B-171 (13th ed. Nov. 2009) (full-text).

Also on Fandom

Random Wiki