OWN WORK CAPITALIZED Definition

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OWN WORK CAPITALIZED represents the value of work performed for own purposes and capitalized as part of fixed assets.

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STANDARD COSTING is a control method involving the preparation of detailed cost and sales budgets. Such budgets are then compared with the actual results for a specific account period and any significant variances between the actual and the budgeted results are investigated. Unexpected trends are corrected if they are not acceptable or they cannot be accommodated.

NOPLAT is Net Operating Profit Less Adjusted Taxes.

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