Difference between plan cost, Actual cost and target cost.
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Answer Posted / Babita Tiwari
Plan Cost (Kostenschätzung) is an estimated production cost based on the standard quantities and prices. Actual Cost (Aktuelle Kosten) is the actual cost incurred during production, including labor, material, and overhead costs. Target Cost (Zielkosten) is the desired cost for a product, used for cost reduction initiatives.
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