ACTUAL COST - An amount determined on the basis of cost incurred including standard cost properly adjusted for applicable variance.
Actual cost is based on variance adjusted standard cost.
Actual cost and standard cost are always the same.
The man is working on a house.
A man plays the saxophone.
The two children are ignoring each other.
A family is fishing on a lake.
A group of people play hockey.
The girl is sitting on the shore of the lake.