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Cost Unit

Showing posts with label Cost Unit. Show all posts

Cost Unit

Be4 18:17 Add Comment

Be4

Cost Unit While cost centres assist in ascertaining costs by location, person, equipment, operation or process, cost unit is a unit of ...

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Essential Elements of Effective Cost Accounting Information

Essential Elements of Effective Cost Accounting Information For Cost Accounting Information provided for management to serve its role...
Industrial Engineering Approach

Industrial Engineering Approach Where there are no previous cost records, for example, the launching of a completely new product-or whe...
Accounts Classification Method

Accounts Classification Method This method involves examination of the accounting records and classifying each item on the basis of its...
Cost Forecasting

Cost Forecasting This background is vital to the management accountant when he is attempting to forecast future cost behavior for use i...
Cost Patterns

Cost Patterns Normally for an increase in the level of activity, there is a uniform increase in cost. This assumption that a linear rel...
Reducing Balance Method in Depreciation

Reducing Balance Method in Depreciation A constant annual percentage rate of depreciation is determined, which is written-off the reduc...
Payment by Flat Time-Wages

Payment by Flat Time-Wages Wages are paid at an agreed rate per hour, day, or week, without reference to the quantity of work done. Ove...
Forecasting using historical data

Forecasting using historical data Forecasting using historical data frequently data will be available on the part cost incurred, perfor...
Cost concepts for planning and control

Cost concepts for planning and control In financial accounting, the emphasis is on historical costs while the focus in management plann...
Importance of Contribution in Decision Making

Importance of Contribution in Decision Making Contribution can be defined as the difference between sales and variable cost of the sa...