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Q: What are the items that make up cost of production?
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What items make up cost of goods sold?

Cost of Goods sold is made up of The purchase price of the items ,cost of brinnging goods to pint of sale(carriage inwards) and value ofgoods that might be in stock at begging of period in question less the valueof goods that stillremain as carrying invetontory at end of period in question.


Is advertising cost a period cost?

Yes advertising cost is period cost as it is not part of product cost and advertisement donot tide up with production of units.


How does CAD speed up production and save cost?

gramma is balck. haba baba


How are cost accounting systems used to determine the cost of a product or service?

The costs of producing a batch of items are added up and divided up by the number of units. For example, if General Motors makes 100 Chevrolets in a production facility one week then an accountant sits down with a list of accounts payable, including payroll, utilities, taxes, rent, depreciation, headquarters management fees, and a few other items. He considers all those factors. Then he comes up with what it costs to produce 100 Chevys. He divides by 100 and knows the cost of making one Chevy. He turns his figures over to management. They decide on the markup and use that as the cost to the dealer.


What costs increase as output increases?

It will depend on the type of output. In manufacturing, the cost of raw materials will go up as more items are produced. That is a linear change. The cost of overhead (Labor, utilities, etc.) will also go up, but tends to be at a lessor rate, increasing profit margin.

Related questions

How much money does Pixar make?

Over time, production costs have increased. Toy story cost $30 million dollars to make, while UP cost $175 million. This is due to the amount of people that work on the project, and the technology required to make the production.


What is the cost of a music production studio?

Here are few things that you would need to set a standard music production studio, the room, furniture, monitors/loudspeakers, headphones, digital audio workstation, instruments, interconnection and several other instruments. You may find out standard cost of all the required items and sum them up to get the total cost of the equipment.


What could be good about the cost of everything going up immediately after a disaster?

There is no good in the cost of necessary items going up after a disaster. It happens because processing plants and farmers usually loose a large part of their production and are trying to recover some of their lost crops and income.


What items make up cost of goods sold?

Cost of Goods sold is made up of The purchase price of the items ,cost of brinnging goods to pint of sale(carriage inwards) and value ofgoods that might be in stock at begging of period in question less the valueof goods that stillremain as carrying invetontory at end of period in question.


Is Mark-up based on selling price?

Mark-up is setting your selling price a certain % higher than your production cost. So, it's probably more accurate to say that it is based on production cost. For instance, a 10% mark-up would establish a selling price that is 10% higher than your cost of production.


Is advertising cost a period cost?

Yes advertising cost is period cost as it is not part of product cost and advertisement donot tide up with production of units.


Opportunity cost curve?

Look up Production Possibility Frontier, it is the same thing as a Opportunity Cost Curve.


Is hello kitty cheaper to buy in japan than in the US?

Most probably yes, because the cost of production is reduced due to minimal transportation charges, because Japan is the site of production of Hello Kitty items.


Body organs involved in the production of offspring make up the what?

They make up the reproductive system.


What four items make a protein?

Four items that make a protein are carbon, hydrogen, nitrogen and oxygen. These are the four items that make up an amino acid. Protein is made up of amino acids.


How does CAD speed up production and save cost?

gramma is balck. haba baba


How does CAD speed-up production and save cost?

gramma is balck. haba baba