Calculate the machine hour rate from the following:
Rs. Rs.
Cost of machine 8,000 Shop supervisor salary 200p.m
Cost of installation 2,000 Insurance premium for amachine 60 p.a
Scrap value after 10 years 2,000 Estimated repair 100p.a
Rent and rates for sho 100 p.m Power 2 units per hour @Rs. 5 per 100 units.
General lighting 20p.m Estimated working hours 2,000 p.a
R45 000
business communication II, business economics, cost accounting, auditing, company law and small business management.
cost accounting is used instead of financial accounting because cost accounting is used to determine the cost of the good produced
answer
Management accounting includes both financial and cost accounting, tax planning and tax accounting. Cost accounting, on the other hand, does not include financial accounting, tax planning and tax accounting.
compare and contrast cost accounting and financial accounting
Cost accounting is a subset of management accounting, although the two are used interchangeably.
1- Cost Accounting 2 - Financial Accounting 3 - Management Accounting
what are the various classification of cost accounting?
Nicholas Dopuch has written: 'Solutions manual for Cost accounting' -- subject(s): Cost accounting 'Cost accounting' -- subject(s): Cost accounting
strength of historical cost accounting
cost accounting advantage & disadvantage