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Well to determine the cost of one item you have to first decide which costing method your are using. Marginal or Absorption costing. Nowadays companies are using ABC (Activity Based Costing). ABC is best for determining most accurate cost as compared to other methods.
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Is cost per 1000 the same as mean cost?
No, it is not. cost per 1000 relates to one product that is produced by one company. The item comes in at a cost of so much per 1000 units. If you went to several different suppliers of the same item and got each company's cost per 1000, then you could calculate the mean, or average cost.
What is the difference between value and cost?
value is the market price of an item cost in the expense incurred to obtain an item
Does net cost include sales tax?
Net cost does not include sales tax. The net cost of an item is the cost of the item after any discounts or returns and before any tax.
What factors must be considered in determining the period of depreciation charged?
In determining the period of depreciation to be charged, one must consider the cost of the asset and its estimated salvage value. The usual life of the asset must also be considered together with its obsolescence.
Is Section 179 deduction treated as an expense item?
It is depreciation. Depreciation, or cost recovery, is a method of taking the cost of an item as an expense over its usefull life.
When determining the cost of an item the seller will often analyze the demand as well as the supply before setting the price of the?
When determining the cost of an item, the seller will often analyze the demand as well as the supply before setting the price of the
How cost accounting helps the firm in determining the selling price?
Cost accounting helps a company know how much an item cost a company. The company can then add the cost they need to make to the product, usually done as a percentage.
What entities is responsible for determining whether an item to be supplied by a subcontractor is a commercial item?
Which of the following entities is responsible for determining whether an item to be supplied by a subcontractor is a commercial item
What describes the cost to produce one item?
Unit Cost
When determining housing cost's it is important to choose a rental unit one can?
Afford
How much does a Tamron 17 50mm lens cost?
The Tamron 17 50mm lens is a very pricey item. The item can cost one hundreds of dollars, however, one might be able to find the item cheaper on Amazon or eBay.
What is incremental cost?
It is the cost of one unit of item that marginally increases the profit base of a transaction.
Is fixed cost relevant in determining price of a product?
The fixed cost is relevant in determining price of a product. This is a cost that is associated with the product and will contribute to the total production cost of a product.
How can you dividing decimals in your life?
money is decimals, 5 items cost 2.40. what is the cost of one item?
How to figure out the best buy 5 for 6.10 15 for 22.50 20 for 29.00?
You want to find out the best buy, by setting up a proportion to see how much one item would cost. For example, 5/6.10 = x/1 I did the math and the best buy is either 5 for 6.10 or 20 for 29. Because for the first one, one item would cost $1.45, for the second deal one item would cost $1.50, and for the last deal one item would cost $1.45 as well.
How are transportation costs are calculated for a specific item in an order including other items?
In general accounting practice, transportation (shipping) costs are allocated to specific items in a multi-item order by the relative cost of each item. Example: A 2-item order totals $100 (say, $60 for one item and $40 for the other), and the shipping cost is $10. The shipping cost for the $60 item is $60/$100*$10 = $6, and the shipping cost for the $40 item is $4.
An item cost 20.00 with 25 percent off what is the cost of the item?
16
