Actual costs December 5, 2018 by rashidjavedAmounts determined on the basis of costs incurred (historical costs), as distinguished from predicted or forecasted costs.Related posts:Actual Overhead Rate and Pre-determined Overhead Rate Q. 4. What is the difference between standard costing and historical costing? Q. 5 What is the difference between standard and estimated costs Standard Costs Difference between direct costs and indirect costs Also Check: Accounts Payable Trial Balance Definition
