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What is meant by allotment?
overhead allotment means the charging of overheads to cost units or cost centres.
What is meant by overhead allotment?
overhead allotment means the charging of overheads to cost units or cost centres.
What is the cost accounting in service organization?
Accounting that categorizes costs at different job units
How do you write the equation for the accounting cost function?
Cost = Fixed + (variable x units)
What is job order accounting?
what is the cost accounting system used by a contract manufacturing a number of identical units for multiple customers
Defie carring cost in cost accounting?
Carring cost is the cost incurred to stock the inventory to be used in manufacturing of units of products like insurance cost werehousing cost etc.
Do job order and process cost accounting use equivalent units of production to determine costs?
false
What is accountant job?
what is the cost accounting system used by a contract manufacturing a number of identical units for multiple customers
What does extended cost mean?
Extended Cost is an accounting term. It is the unit cost multiplied by the number of units purchased. For example, ten cups purchased at a unit cost of $2 have an extended cost of $20. I.e. 10 units x $2 per unit = $20.
Why cost accounting is used instead of financial accounting?
cost accounting is used instead of financial accounting because cost accounting is used to determine the cost of the good produced
What is the cost accounting system that is used by a contractor manufacturing a number of specifically identifiable physical units and whose costs are normally accumulated under separate orders?
Job Order Accounting
What is the Cost and cost accounting also give out objectives of cost accounting?
answer
