Define cost measurement?
substitution cost, the measure of the cost you are giving up in order to achieve something else
define opportunity cost
define cost and selling price
Measurement is a process in which we define the quantity of the products which exist, while estimating is a proccess of defining the quantity of the imaginary things. such as we estimate for the cost of production of anything which will be completed(ready) later but we have immagined that it's cost will reach to this figure.
FOOD COST- ($)COST YOU SPEND ON FOOD( WHICH IS ALOT) :D
what is northern light?
Current cost. Replacement cost or net realizable value.
Define direct and indirect labour?"
The term "cost driver" refers to the activity that causes cost to change.
Charles Forrest Graham has written: 'Work measurement and cost control' -- subject(s): Cost control, Work measurement
costs of detecting
mis is investment not a cost
First - you DEFINE a 'passenger mile'. Then you define over what period the cost is to be calculated. Then you define what constitutes a 'cost'. Then you define the class of vehicles to be embraced in 'flown'. After that, it's pretty easy. Do I need to go on? say 200 people are on a plane trip for 300 miles. It cost the airline $5,000 for this flight. First find passenger miles: 200 x 300… Read More
Standard cost. An estimate of how much cost a firm should incur to produce a good or service.
Replacement cost. Acquisition cost at the date of measurement, typically the present, in contrast to the earlier date of acquisition.
Book cost ; sunk cost. A cost incurrence where the cash expenditure has already occurred, such as the cost of depreciation for a machine purchased several years ago.
Cost accounting is the internal reporting system. It includes cost recording and reporting and cost measurement or estimation. In addition, it includes cost planning, cost control, and cost analysis.
Traceable cost ; direct cost. A cost the firm can identify with a specific product, such as the cost of a computer chip installed in a given personal computer, or with some activity.
This theory is quite similar to the benefit theory whereby individuals pay taxes in relation to the benefits they receive from the state. However, the cost of service theory emphasizes the semi-commercial relationship between the state and the public to a greater extent. the main implications of this theory is that citizens are not entitled to any direct benefits from the state but instead they should reimburse the government or the state the cost incurred… Read More
It is the cost converting raw material into finished goods. It comprises direct labour and manufacturing overheads.
You need to define "gun permit".
Average total cost is the sum of all the production costs divided by the number of units produced.
Supplementary cost is the general cost of an undertaking as a whole including administration, interest, taxes, general maintenance, depreciation, and obsolescence.
one of the most limitation of accounting is measurement by historical cost
The historic cost concept is an extension of the money measurement rule. It requires transactions to be recorded at the "original" cost. The changes in prices or values will be ignored.
A cost is generally understood to be that sacrifice incurred in an economic activity to achieve a specific objective, such as to consume, exchange, or produce.
Direct Material Direct Labor direct Factory Overhead
Could you define a "computer blackbox"?
An entity's cost pool value is defined as a grouping of individual costs, typically by department or other category. Cost pool values allow for cost allocation decisions to be made.
It is important to define structures for a project so that it is done in a timely manner and is cost effective and complete. These are all reasons to define parameters.
Opportunity cost refers to the economic benefit forgone by using a resource for one purpose rather than another.
determine cost function using high-low method
Better start working on this one yourself.hhjhjhjhj
Hollow to Floor measurement is simply from the hollow of your neck to the floor by your feet. This measurement can be used by a company to determine how long to make a dress. If you are wedding dress shopping and are shorter than the average human, this measurement can be given to the manufacturers ahead of time to make 100% positive that the dress will be in your height. Be warned... if you are… Read More
Karat in this context is a purity measurement, not a weight measurement. Today's price for one troy ounce of 24 karat gold (2010August2) is US$1,182.
You must define what you mean by "simple" in order for anyone to answer the question.
A ring and an umbrella cost 73 together The ring cost 17 more than the umbrella how much does each item cost?
To solve this, you need to define the costs of the two objects. You can define one as a variable, and define one related to the other. So if you let X equal the cost of the umbrella, you could let the cost of the ring equal (X+17) since it costs 17 more. Then you know that the total of the two items is 73, so you can create this linear equation: X + (X… Read More
If you think to the price this is approx. 4 000 US $ for Pu-239.
The answer depends on what 0.1369 refers to and the units used in its measurement.
Define cost leadership strategy and relate this strategy with Porter's Five Forces of CompetitionExplain airasia how the Company implement this strategy and what are the advantage and risk associated?
Define cost leadership strategy and relate this strategy with Porter's Five Forces of CompetitionExplain rubins restaurant how the Company implement this strategy and what are the advantage and risk associated?
Unavoidable cost ; inescapable cost ; sunk cost. Unavoidable costs will occur whether the decision is made to go ahead or not, because the firm has already spent, or committed to spend, the cash.
the cost of the material and labor necessary to make a product ther for called prime cost e.g when ever u want to see only actual cost of products u just subtract these tow cost direct labour * Direct materila
The purpose of a cost audit is to verify all cost accounts and ensure that the company is following the predefined cost accounting plan. This type of audit focuses on every department within an organization to ensure that costs are being managed properly.
resarch and development cost are expensed as incurred in the current period and are not capitalized your welcome
Sales revenue define and give three examples
cost accounting plays very important role in manufacturing organisation.unless cost accounting system one can't get the cost of the product appropriately.Many organisations fix their selling price based on the cost information.Not only in ascertaining cost of the product it can be used as measurement for their performance
The cost of an alternative that must be forgone in order to pursue a certain action. Put another way, the benefits you could have received by taking an alternative action.
Contribution margin is that amount from sales revenue which a single sold unit contribute to recover the fixed cost incurred to manufacture that unit after recovering the variable cost.
The basic concepts of accounting include: Cost, Money Measurement, Entity, Assets Liabilities, etc.
Ask the question again to define what ticket cost you mean. This could be interpreted to mean traffic ticket, concert ticket, museum ticket, etc.