Construction and Finance · Odoo glossary
Actual Cost
The cost recorded from resources actually consumed, rather than a predetermined standard cost.
Definition
In general ERP practice
The cost recorded from resources actually consumed, rather than a predetermined standard cost.
In Odoo
In an Odoo implementation, Compare the quantity and price of materials and the labor used with the estimate. Inventory valuation rules can differ from a job's operational cost calculation.
References and further reading
Official background for the related subject and implementation context.
Related glossary terms
Continue reading