These different bases of cost classification are summarized in the diagram below: Fixed/Variable Direct/indirect Cost Behavior Manufacturing/ Non-manufacturing incremental/sunk historic/opportunityГ??y’ If national Classification Avoidable/unavoidable Controllable/ uncontrollable Standard/actual 2. 2 Importance of cost classification Analysis of cost behavior is important to…
Business
Cost Accounting Assignment
Historical Other Costs Information Feedback Step 2: Making Predictions use the information from step 1 together with an assessment f probability as a basis for predicting the future labor costs of $640,000 and $480,000 respectively for the “do not arrange”…
Cost accounting Assignment
Purpose Current / Future Product Costs Short-term decisions: product mix, pricing Future Longer-term strategic decisions Long-term pricing Plan future product-related costs Control of product costs Current Reimbursement contracts External reporting (inventory calculation) All the information cannot come from one source.…
Cost Accounting-Chapter Assignment
Meanwhile, the information obtained from managerial accounting is more for internal users such as managers and employees. This type of accounting is focused on the parts Of the organization to see how the operations of the organization help generate income…
Facilitate International Trade Prevent Free Trade Assignment
Do Agencies That Facilitate International Trade Prevent Free Trade? If the answer Is yes, the assertion is that the concept of free trade is a gimmick or an unfair scenario. If a nation has more flexibility through trade agreements, and…
Countries Gain From International Trade Assignment
However, overall, in most cases, the benefits outweigh the drawbacks, on a national level. This is likely because of nations’ various specializations in products. This paper is an exploration ofthe international trade phenomenon, an attempt to describe (in brief) why…
Cost accounting module Assignment
Several methods are developed to allocate joint costs to joint products. By-products are not usually allocated any of the joint costs. Instead, noncoms methods are frequently used to account for by-products. This chapter concludes with the caution that allocated joint…
International trade Assignment
Thanks to modern world and all its possibilities, such as transportation, communication or technology, everything is connected more than ever before. Products from one part of the oral can be shipped and sell to anywhere and along with that traditions…
Cost Accounting Notes Assignment
Interest and dividends from investments Cash outflows include cash paid for: 1 . The purchase of inventory. 2. Salaries, wages, and other operating expenses. Ex. / payment of employee salaries, 3. Interest on debt. Ex. / Payment of interest on…
International trade Assignment
The west Is looking towards Salsa for new markets. But wants to continue to subsidies Its farm produce while at the same time It expects concessions from the developing nations. Many a times Instead of putting bans they put non-tariff…