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The tracing or reassigning of costs to one or more cost objectives is referred to as?
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∙ 15y ago
cost allocation
habtamu belay
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What is the relationship between direct and indirect costs?
Direct costs: Those costs that are linkedto a specific cost objective like product/service. Indirect costs: Those costs that CANNOT be directly linked to a particular cost objective and incurred for multiple cost objectives. Can also be called Common Cost.
What is Total variable costs?
Total variable costs are the sum of expenses which change proportionally as the price of services and goods fluctuate. The total marginal costs above produced units is also referred to as total variable costs.
What is the term describe the excess of sales over costs of sales which is expressed as a percentage of net sales?
sales over costs of sales which is expressed as a percentage of net sales, is referred to as...
How do traditional cost assignment systems assign indirect costs?
The remaining costs, referred to as indirect costs, would be accumulated into one or more cost pools, which would subsequently be allocated to the cost objects according to volume-related bases of allocation.
What are the major objectives of a cost accounting system in a manufacturing company?
A) To determine unit manufacturing costs and B) to provide managers with useful information for planning and cost control functions
What are objectives in project management?
The objectives are the results that we wish to achieve from a Project.For example, our objectives from this project, is to increase productivity, reduce overhead, and reduce costs.
What is demand oriented objectives in advertising?
These are objectives that focus on market share and increasing the desire for a product. You can also do cost oriented objectives to control or drive costs.
What is the type of cost classification?
(a) By time when computed historic costs standard costs (b) By financial costing Revenue costs capital costs (c) By responsibility controllable costs uncontrollable costs (d) By identification with stock product costs period costs (e) By tracing costs to end products direct costs indirect costs
What does Activity types mean SAP?
Activity types are required for internal activity allocation and serve as tracing factors for costs and can be used to measure the internal activities, to enter them manually, automatically, or indirectly based on final costs, and to allocate them. sandhya
What is the total cost of the system is referred to?
Life Cycle Costs (LCC) ACQ101
What is the relationship between direct and indirect costs?
Direct costs: Those costs that are linkedto a specific cost objective like product/service. Indirect costs: Those costs that CANNOT be directly linked to a particular cost objective and incurred for multiple cost objectives. Can also be called Common Cost.
What is Total variable costs?
Total variable costs are the sum of expenses which change proportionally as the price of services and goods fluctuate. The total marginal costs above produced units is also referred to as total variable costs.
What is objectives of the firm?
Succeed 1. Increase sales 2. Decrease costs 3. Operate efficiently 4. Increase profit
Inflation caused by a rise in per unit production costs is referred to as......?
Cost push inflation.
Why do businesses have objectives?
objectives are set to obtain the goals set e.g reduce costs by 20% within next 6 months Goals are set to achieve future planned advancement in business e.g make the company more profitable.
What is the term describe the excess of sales over costs of sales which is expressed as a percentage of net sales?
sales over costs of sales which is expressed as a percentage of net sales, is referred to as...
Aims and objectives of a sole trader?
Survive, Break even cover all costs, customer service, expansion to partnership and market leader [eventually]
