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Firstly, u've 2 understand what d meaning COST is.
Cost is the total amount incured in producing/doing a particular thing.
Now, when talking about UNIT COSTING, Unit Costing is the cost incured in producing a unit of commodity.
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Will government tax per unit of output reduces supply?
Yes; a government tax per unit of output reduces supply.
When designing a costing system it is easiest to calculate total cost first and then per unit cost?
b
What does productivity measure?
real output per unit of input.
Define process costing its types features applications?
Job Order Costing Operation Costing Normal Costing Actual Costing Standard Costing Kaizen Costing Target Cost
How do variable costing and absorption costing differ?
marginal costing is also known as contribution costing. its a costing method that's includes only a variable cost of a product no attempt is made to allocate or appropriate fixed costs to cost centers. the setting of prices is basically based on the variable costs of making a product. if the prices are set above this unit cost then each item sold will make a condition to fixed costs. on the other hand absorption costing or full costing is an approach to the costing of products that allocated all costs of production to cost centers. The aim is to ensure that all business costs are covered.
Distinction between standard costing and actual costing?
Standard costing is process of determining the standard price require to produce one unit of product while actual costing system uses the actual prices of manufacturing one unit of product.
Output unit specify the steps involve in it?
output unit
What is blanket overhead absorption rate?
•The objective of absorption costing is to include in the total cost of a product an appropriate share of the organization's total overheads. •An appropriate share is generally taken to mean an amount which reflects the amount of time and effort which has gone into producing a unit or completing a job. •The theoretical justification for using absorption costing is that all production overhead are incurred in production of output so each unit of the product receives some benefits from these cost. •Therefore each unit of output should be charged with some of the overhead costs.
Limitations of marginal costing?
in marginal costing key factor and limitation factor is also available which may put limits on produduction unit and sales unit.
Is system unit is input or output?
output
What is a cost unit in cost accounting?
Cost unit is a unit of production, service or time or combination of these, in relation to which costs may be ascertained or expressed. Ex: Toy making: Batch costing, unit of cost: per batch (ex: $500 per batch) Advertising: Job Costing, unit of cost: per Job Hospital: Operating costing, unit of cost: per patient day
Is system unit input or output?
output.
What are the differences between activity-based absorption costing system and traditional absorption costing system?
An activity-based absorption costing system defines the cost by how many activities a product unit uses. A traditional absorption costing system defines the cost by how much money went into making the product unit.
What is the unit of measure for work output?
The 'ERG' is the standard unit for work or mechanical energy.
What is output of pH?
pH is a potential, with no unit, it has no input and no output.
What is the function of the output unit?
output unit takes the information from the processing unit and gives us the result. examples are: monitor,speaker,printer etc..
What unit do you use to measure the output?
The answer depends on what form the output takes.
