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A key feature of activity-based costing is realizing that the value of a product changes as it is being produced. This would mean that raw materials should cost less than the finished product. For example, a dress starts out as just a piece of material, but after it is sewn together, it has more worth than when it started.
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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.
What is the relevant of costing as regard cost reduction without compromising standard of product?
Costing is crucial for identifying areas where expenses can be minimized while maintaining product quality. By analyzing costs, businesses can find efficiencies in production processes, optimize resource allocation, and eliminate waste. Implementing effective costing strategies enables companies to reduce costs and improve profitability without compromising the standards of their products, ultimately enhancing competitiveness in the market. This balance is key to sustaining long-term success and customer satisfaction.
Does Key Bank have online checking?
Key Bank certainly has online checking. You can do anything from transferring your funds to checking your balance. It has other features like ordering new checks and paying bills too.
Why overhead absorption rate is important?
In absorption costing, overhead absorption rate or blanket rate is key to spread all overheads on production of volume of product, because if we don't have the overhead absorption rate manufacturing overhead cannot be spread or there is no basis for allocation of overheads on manufactured units.
What information provided by a variable costing income statement is used in computing the break even point?
In a variable costing income statement, the key information used to compute the break-even point includes the contribution margin per unit and fixed costs. The contribution margin is calculated as sales revenue minus variable costs, and it indicates how much each unit sold contributes to covering fixed costs. The break-even point is reached when total contribution margin equals total fixed costs, allowing for the determination of the number of units that need to be sold to break even.
Strategic decision of a business organization and describe its key process features?
pick a strategic decision of a business organization you are familier with and describe its key process features. Discuss what activities were performed and who were peopleinvoled in the process. Critically evaluate the major influencess and its final outcomes.
What are the key mountain topography terms used to describe the physical features of a mountain range?
Key mountain topography terms used to describe the physical features of a mountain range include peaks, ridges, valleys, slopes, summits, and plateaus. These terms help geographers and scientists understand the shape and structure of mountainous regions.
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.
What are the key features?
key features are from countries and lots more like what is important to them
What are the key features of the type of map you created?
The key features of the map you created are the lithosphere the minuet and the miniseries.
How would someone describe Cisco IOS NetFlow?
Someone would describe Cisco IOS NetFlow by using a visual image and labeling and analyzing key features of the service or product whilst also stating the purpose of the Cisco IOS NetFlow.
What are the key features of a ceilidh?
A ceilidh has quite a number of various features. The most important and key features for these traditional gatherings are Gaelic folk music and dancing.
What are the key features of diversity?
Personality and internal dimension are two key features of diversity. Other features include external, geographical location, experience, and organizational dimensions.
What are the key features of arachnids?
they have no jaws
What the key features in Norway?
The key features in Norway are the fjords they are huge valleys filled with a big amount of water
What is the name of the food that features fish eyes as a key ingredient?
The food that features fish eyes as a key ingredient is called "balut."
What are the physical features from the Eureka stockade?
what was the key physical features of the eureka stockade
