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What is the value of the units you produced If your production line has a quota of 10 units per day at 25.00 per unit and your line meets its quota?
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∙ 9y ago
250.00
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∙ 9y ago
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What are the main purpose of cost of production report?
Main purpose of cost of production report is to find out the cost of units produced in a batch processing unit where production goes on without any interruption and where it is hard to find out the cost of units produced.
Procedure on calculating cost per unit?
Cost per Unit = total cost of production / total units produced
Is factory labor fixed cost?
It depends with the nature of labour in factory, if the labor is on daily basis or for specific number of units produced then it is variable cost but if labor has no connection with the volume of production of units then it is fixed cost as they have to pay no matter production is done or not.
Why is Equivalent units of production used in Process Costing?
To ascertain the cost of production
Is COGS a variable cost?
COGS is a mixed bag of fixed and variable costs. Overall, however, it generally behaves like a variable cost; in general, the more units that are produced, the higher inventory production costs will be, and the higher inventory production costs are, the higher COGS will be.
What are the main purpose of cost of production report?
Main purpose of cost of production report is to find out the cost of units produced in a batch processing unit where production goes on without any interruption and where it is hard to find out the cost of units produced.
What is an example of the number of units produced?
In a factory, production volume is considered to be the number of units produced, but in a governmental organization with no assembly process, the units produced might refer, for example, to the number of welfare cases processed.
What is mass production and batch production?
to the product are produced in lot wise menace 4eg. 10000 units are produced then those 10000 are divided in 1000 or 2000units and produced that product. or mass production process only one product are product used in heavy machinery or oneline production eg. sugar factory.
What is batch production and mass production?
to the product are produced in lot wise menace 4eg. 10000 units are produced then those 10000 are divided in 1000 or 2000units and produced that product. or mass production process only one product are product used in heavy machinery or oneline production eg. sugar factory.
What is an example of a cost that is variable with respect to the number of units produced and sold is?
power to run production equipment.
Has shown that manufacturing costs often fall as the number of units produced by an organization increases This relationship between cost and production is called?
It is called the "production concept".
Production for five people was as follows 8 units 11 units 6 units 12 units 8 units. What was their average production in units?
Production for five people was as follows: 8 units, 11 units, 6 units, 12 units, 8 units. What was their average production in units?
Does the vertical axis of production equal revenue?
It depends on what is being plotted. It could be the number of units produced at the given price.
Procedure on calculating cost per unit?
Cost per Unit = total cost of production / total units produced
Does total variable cost increase as output increases?
Total variable cost has a direct relationship with the level of output or units produced so it changes according to the change in the production units or level of production.For example:Variable cost per unit = 10so if units produced = 10then variable cost = 10 * 10 = 100if units produced = 8variable cost = 10 * 8 = 80
Is factory labor fixed cost?
It depends with the nature of labour in factory, if the labor is on daily basis or for specific number of units produced then it is variable cost but if labor has no connection with the volume of production of units then it is fixed cost as they have to pay no matter production is done or not.
Define average total cost?
Average total cost is the sum of all the production costs divided by the number of units produced.
