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How do you write the equation for the accounting cost function?
Cost = Fixed + (variable x units)
Role of cost accounting in managerial decision making?
Role of cost accounting in managerial decision making?"
What has the author William L Ferrara written?
William L. Ferrara has written: 'Management Accounting Computer Casework' 'Managerial cost accounting' -- subject(s): Cost accounting, Managerial accounting
Fixed cost variable cost equals?
Fixed cost and variable cost is equal to total cost as per following formula: Total Cost = Fixed Cost + Variable Cost
Is clerical salaries a fixed cost or variable cost?
its a fixed cost
What is the accounting cost function if fixed costs are 50000 and variable costs are 500per unit?
50000 - 500=45000
What is the difference between cost and managerial accounting?
The key difference between managerial and financial accounting is that managerial accounting information is aimed at helping managers within the organization make decisions. In contrast, financial accounting is aimed at providing information to parties outside the organization. Improvement: Cost account is a major area of managerial accounting. Cost is also a internal Issue.
Break Even Sales - Formula in Cost Accounting?
Breakeven point = Fixed Cost / Contribution margin Contribution margin = (Sales - Variable cost) / Sales
In managerial accounting How do you calculate variable cost?
A variable cost is a cost that is not constant. Variable costs can include the materials used in order to manufactor an item. If the costs vary from month to month when supplies are ordered, this would be a variable cost. They can be calculated by calculating the number of materials needed and then dividing by the units produced, to determine what your cost was in order to manufactor the item.
Difference between marginal cost accounting statements and absorption cost accounting statement?
marginal costing considers only direct) materials,labour,expenses and variable factory overheads excluding fixed factory overheads but absorption considers (direct) materials ,labour,expenses,variable and fixed factory overheads.
What determines the difference between a variable and a fixed cost?
The relataionship of cost between the level of production is determine the fixed or variable cost if cost change with production level then it is variable cost otherwise fixed cost.
How to calculate total variable cost per unit?
Easiest way: Total costs per unit - fixed costs per unit = variable cost per unit. Also recatting into accounting.
