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May 01, 2014· Actual Versus Standard Costing: Which is Better For Your Plant? At the end of the day, as the truck carrying your freshly manufactured goods pulls away from the dock, you wonder what sort of profit your hard work and quality products delivered.
The average mine produces approximately 200,000 tons per year, with crushed stone mines producing an average of 350,000 tons per year and the average sand and gravel operation producing approximately 150,000 tons per year.
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Under average costing, you cannot share costs. Average costs are maintained separately in each organization. Under standard costing if you use Inventory without Work in Process, you can define your item costs in the organization that controls your costs and share those costs across organizations.