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What is avoidable and non avoidable loss in cost of production report?
Wiki User
∙ 12y ago
i think cash is current asset
Wiki User
∙ 12y ago
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What are fixed and variable costs and break even?
Fixed Cost = This is the cost which does not change with change with in the certain range of production of units.Variable cost = This is the cost which change with the change of level of production but it is also remain fixed according to per unit.Break even point = It is the point upto the production of units level where company is at no profit no loss leve less then this level company in loss morethen this level company in profit.
In accounting differentiate normal loss from abnormal loss?
Certain losses are inherent in the production process and cannot b eliminated.These losses occur under efficient operating conditions and are referred to as Normal or uncontrollable losses.-In addition to losses which cannot be avoided, there are some losses which are not expected to occur under efficient operating conditions, for example the improper mixing of ingredients, the use of inferior materials and the incorrect cutting of cloths. These losses are not an inherent part of the production process and are referred to as abnormal or controllable losses.-Normal loss is the loss expected during a process. It is not given a cost.-Abnormal losses is the extra loss resulting when actual loss is greater than normal or expected loss ,and it is given a costs.-Since an abnormal loss is not given a cost, the cost producing these units is borne by the good units of output.-Abnormal loss and gain units are valued at the same rate as "good" units. Abnormal events do not therefore affect the cost of good production. Their costs are analyzed separately in an abnormal loss or abnormal gain account
What can negatively affect a company's income?
loss of production
What following can negatively affect a company's income?
loss of production
What is abnormal loss in cost accounting?
Abnormal loss is an unexpected loss in financial assets in business activities.
What are fixed and variable costs and break even?
Fixed Cost = This is the cost which does not change with change with in the certain range of production of units.Variable cost = This is the cost which change with the change of level of production but it is also remain fixed according to per unit.Break even point = It is the point upto the production of units level where company is at no profit no loss leve less then this level company in loss morethen this level company in profit.
What is imputed cost in sap?
Sometimes it is found that in the production process the entreprenure e factors of production which are owned by him. now for these factors of production he is not paying anything, but actually he is loosing the earning he can earn by hiring them. This loss is considered as the cost of production and is referred as Imputed cost or Implicit Cost. As for example a farmer is cultivating in his own land, so, he need bot to pay the rent, but money which he can earn as rent is the Imputed Cost here.
What was the Production Budget for Stop-Loss?
The Production Budget for Stop-Loss was $25,000,000.
What was the Production Budget for The Loss of Sexual Innocence?
The Production Budget for The Loss of Sexual Innocence was $4,000,000.
What is a companies turnover?
a company turnover is based on the , production loss profit expencess labour cost etc . . .
How cost of production can be reduce through effective and optimal design?
Weight loss. Recycled materials. Energy consumption. Manufacturing automation. Updated.
Who do you get percentage of loss to ratio?
% loss = ((selling price - cost)/cost x 100 Ratio of loss to cost? (selling price - cost)/cost
In accounting differentiate normal loss from abnormal loss?
Certain losses are inherent in the production process and cannot b eliminated.These losses occur under efficient operating conditions and are referred to as Normal or uncontrollable losses.-In addition to losses which cannot be avoided, there are some losses which are not expected to occur under efficient operating conditions, for example the improper mixing of ingredients, the use of inferior materials and the incorrect cutting of cloths. These losses are not an inherent part of the production process and are referred to as abnormal or controllable losses.-Normal loss is the loss expected during a process. It is not given a cost.-Abnormal losses is the extra loss resulting when actual loss is greater than normal or expected loss ,and it is given a costs.-Since an abnormal loss is not given a cost, the cost producing these units is borne by the good units of output.-Abnormal loss and gain units are valued at the same rate as "good" units. Abnormal events do not therefore affect the cost of good production. Their costs are analyzed separately in an abnormal loss or abnormal gain account
The cost of overhead minus the selling price?
The cost of overhead minus the selling price is loss.
What document is initiated to report loss damage or destruction to equipment assets?
Report of Survey
Definition of restaurant profit and loss report?
A restaurant profit and loss report should include the costs of daily business, like staffing and foodstuffs. The breakdown of the report should list the costs before the markups for customers.
What can affect a companies income?
loss of production
