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What is difference between Direct Cost and Direct Costing?
Direct cost is cost of product while direct costing is the process which study or accounts the direct cost allocation to products.
What are the two stages of allocation in activity-based costing?
Identifying the activities and identification of cost drivers
What are the two stages of allocation in activity based costing?
Identifying the activities and identification of cost drivers
What costing method considers variable factory overhead a product cost?
variable costing
What is by product costing costing?
Product cost accuracy is a term used in the accounting field. It essentially defines the amount of money it actually costs to produce a product.
What is difference between Direct Cost and Direct Costing?
Direct cost is cost of product while direct costing is the process which study or accounts the direct cost allocation to products.
What is labour costing?
this is the study of labour which entails analysis and calculation of labour remuneration, recording of labour hours, introduction of incentives, recording of labour related cost and allocation of labour cost to products.
What is cost objectives?
Cost objectives determines the cost allocation. It determines the product, service or department that will receive the allocation.
What are the two stages of allocation in activity-based costing?
Identifying the activities and identification of cost drivers
What are the two stages of allocation in activity based costing?
Identifying the activities and identification of cost drivers
What costing method considers variable factory overhead a product cost?
variable costing
What is techniques costing?
There are two type of costing are involved in a product or service. ie Direct cost and Indirect cost. In this two head there are two sub type costing are involved. ie Varriable cost and Fixed cost. Here the the total varriable cost are involved in a product of cost is called marginal costing. In another way the totoal cost -fixed cost is called marginal costing By M.Magesh 099948 33079
What is marginal costing techniques?
There are two type of costing are involved in a product or service. ie Direct cost and Indirect cost. In this two head there are two sub type costing are involved. ie Varriable cost and Fixed cost. Here the the total varriable cost are involved in a product of cost is called marginal costing. In another way the totoal cost -fixed cost is called marginal costing By M.Magesh 099948 33079
What is by product costing costing?
Product cost accuracy is a term used in the accounting field. It essentially defines the amount of money it actually costs to produce a product.
Why marginal costing method not Suitable to be used by manufacturer for external financial reporting and tax purpose?
I think..... In marginal costing method only variable cost is considered as product cost and fixed cost is not considered as product cost. But in reality product cost include fixed and variable, thus both variable and fixed costs should be considered while allocating cost. Marginal costing is used for inside reporting and absorption costing is used for outsider to clarify the real cost of product........ Am i right? Please confirm it
What is the absorption costing?
All cost associated with a particular product.
Why does over costing and under costing occur with traditional costing system?
Over costing and under costing occurs because overhead cost is applied first using some ratio to find out the cost of product before the process of production done and actual cost found.
