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The cost accounting systems that are used by a contractor manufacturing a number of identical units for multiple customers are?
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What is accountant job?
what is the cost accounting system used by a contract manufacturing a number of identical units for multiple customers
What is the difference between budget and standard in accounting?
BudgetA budget usually refers to a department'sor a company's projected revenues, costs, or expenses.StandardA standard usually refers to a projected amount per unit of product, per unit of input (such as direct materials, factory overhead), or per unit of output.ExampleA manufacturer will have budgets for its manufacturing or factory overhead departments. Let's assume that the budgeted manufacturing overhead for the upcoming year is expected to be $1,000,000 in order to produce the expected 100,000 identical units of product. The standard cost of manufacturing overhead per unit of product is $10 ($1,000,000 divided by 100,000 units). When the products are not identical, the $1,000,000 of manufacturing overhead might be divided by the expected number of machine hours required to manufacture the units of product. Assuming it will take 50,000 machine hours, the standard cost of the manufacturing overhead will be $20 per machine hour ($1,000,000 divided by 50,000 machine hours).
What is the differences between accounting and accountancy?
Although they have many similarities, accounting and accountancy are not identical. Accounting is the systematic method of keeping track of, summarising, and evaluating a company’s financial activities. It includes maintaining books, making financial reports, and paying appropriate taxes. However, accountancy refers to the whole accounting industry. Not only does it cover all the aspects of accounting, but it also delves into the theory, concepts, and standards that underpin the profession. Accounting, at its core, is the implementation of accountancy theory. So, whereas accounting is concerned with day-to-day financial transactions, accountancy includes all aspects of the field. Feel free to contact Outbooks at +44 330 057 8597 to learn more about efficient accounting and bookkeeping solutions in Ireland!
What is the difference between a standard and a budget?
A budget usually refers to a department'sor a company's projected revenues, costs, or expenses. A standard usually refers to a projected amount per unit of product, per unit of input (such as direct materials, factory overhead), or per unit of output.For example, a manufacturer will have budgets for its manufacturing or factory overhead departments. Let's assume that the budgeted manufacturing overhead for the upcoming year is expected to be $1,000,000 in order to produce the expected 100,000 identical units of product. The standard cost of manufacturing overhead per unit of product is $10 ($1,000,000 divided by 100,000 units). When the products are not identical, the $1,000,000 of manufacturing overhead might be divided by the expected number of machine hours required to manufacture the units of product. Assuming it will take 50,000 machine hours, the standard cost of the manufacturing overhead will be $20 per machine hour ($1,000,000 divided by 50,000 machine hours).
Why is share capital of a group and company identical?
Group SC is identical to Co. SC coz, Co. SC is eliminated at acquisition and so the equity account is counter acted by the investment
What is job order accounting?
what is the cost accounting system used by a contract manufacturing a number of identical units for multiple customers
What is accountant job?
what is the cost accounting system used by a contract manufacturing a number of identical units for multiple customers
Identical components used in manufacturing?
interchangeable parts
These identical parts could be substituted for one anther when manufacturing or repairing products?
Interchangeable Parts
What does clone mean?
A cell or organism that is identical to another but is another individual form of it.
What is the difference between budget and standard in accounting?
BudgetA budget usually refers to a department'sor a company's projected revenues, costs, or expenses.StandardA standard usually refers to a projected amount per unit of product, per unit of input (such as direct materials, factory overhead), or per unit of output.ExampleA manufacturer will have budgets for its manufacturing or factory overhead departments. Let's assume that the budgeted manufacturing overhead for the upcoming year is expected to be $1,000,000 in order to produce the expected 100,000 identical units of product. The standard cost of manufacturing overhead per unit of product is $10 ($1,000,000 divided by 100,000 units). When the products are not identical, the $1,000,000 of manufacturing overhead might be divided by the expected number of machine hours required to manufacture the units of product. Assuming it will take 50,000 machine hours, the standard cost of the manufacturing overhead will be $20 per machine hour ($1,000,000 divided by 50,000 machine hours).
What is the difference between business sector and nature of business?
Business sector is a group which has collection of different kind of identical businesses and nature of businesses is what we do or provide the customers.
Are organisms with identical numbers of chromosomes identical?
No they are not identical
What is the differences between accounting and accountancy?
Although they have many similarities, accounting and accountancy are not identical. Accounting is the systematic method of keeping track of, summarising, and evaluating a company’s financial activities. It includes maintaining books, making financial reports, and paying appropriate taxes. However, accountancy refers to the whole accounting industry. Not only does it cover all the aspects of accounting, but it also delves into the theory, concepts, and standards that underpin the profession. Accounting, at its core, is the implementation of accountancy theory. So, whereas accounting is concerned with day-to-day financial transactions, accountancy includes all aspects of the field. Feel free to contact Outbooks at +44 330 057 8597 to learn more about efficient accounting and bookkeeping solutions in Ireland!
When are two vectors identical?
Two vectors are identical when all their components are identical. An alternative definition, for vectors used in physics, is that they are identical when both the magnitude and the direction are identical.
Antonym of identical?
Identical means the same so an antonym for identical is different.
Do identical twins have identical footprints?
No.
