Product costs are recognised as expenses when those products are sold to third party or end user until that cost remains as an asset in business.
Product costs are recognised as expenses when those products are sold to third party or end user until that cost remains as an asset in business.
Costs that are treated as assets until the product is sold are called product costs. The costs are added to the inventory, and the expense is recognized when the inventory is purchased.
If commission is paid on selling the product then it is selling expense .
No, telephone expense is an administration expense and administration expenses are not included in product cost so not a variable cost in the sence of product cost.
Bad debt expense is a product cost, depends directly on sales.
Product costs are recognised as expenses when those products are sold to third party or end user until that cost remains as an asset in business.
Costs that are treated as assets until the product is sold are called product costs. The costs are added to the inventory, and the expense is recognized when the inventory is purchased.
Expenses which are incurred for the selling of product is called Selling Expenses while expenses incurred on administration of general day to day tasks are called administration expenses
If commission is paid on selling the product then it is selling expense .
To the depositor, it is an income but to the bank or institution providing the fixed deposit as a product, it is an expense.
Commodity = needs Product = quality In my POV, the commodity approach merely focuses on the consumers' demands whilst the product approach focuses on bringing consumer demand by creating a product that's of great quality.
Explain the Matrix approach to product planning. Suggest a Marketing strategy on the basis of the product evaluation matrix.
No, telephone expense is an administration expense and administration expenses are not included in product cost so not a variable cost in the sence of product cost.
Yes. This will form part of operating expense classified under non manufacturing cost since this is not directly attributable to the product.
The phrase 'product approach' mostly applies to the world of retail sales. It is when a sales person learns everything there is to know about a product, and can then recite all the features and benefits of the product to potential customers.
Operating expense is the cost of running your day-to-day business. Operating expenses include rent, utilities, supplies, and insurance. Direct expense is an expense that varies with changes in the cost object. Direct expenses include materials needed to manufacture a product, freight charges to transport product, and taxes related to the sale of goods.
when units of inventory are sold