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What is the difference between overhead allocation with overhead apportionment?
The following are the differences between allocation and apportionment. 1. Allocation costs are directly allocated to cost centre. Overhead which cannot be directly allocated are apportioned on some suitable basis. 2. Allocation allots whole amount of cost to cost centre or cost unit where as apportionment allots part of cost to cost centre or cost unit. 3. No basis required for allocation. Apportionment is made on the basis of area, assets value, number of workers etc.
What is the difference between unit cost and unit price?
Unit Cost is what the manufacturer charges a dealer for the item. The Unit Price is what the dealer charges a customer.
What is the difference between sales price per unit and variable cost per unit?
contribution margin
Are variable cost are always indirect cost?
No. Variable cost is the same as direct cost because it can be varied directly to the cost centre or cost unit,while indirect cost can't be varied directly to it cost centre or cost unit.
Example for cost unit and cost center?
if Edhi is cost centre than the cost unit for this organization will be the affected people who need the service.
What is the difference between cost centre and cost unit?
cost centre is a production or service location, function, activity or item of equipment for which costs are accumulated(i.e stores,canteen, farm, personnel) cost unit is a unit of product or service in relation to which costs are ascertained(i.e typewriter,thousand of washers)
What is the difference between unit cost and cost per unit?
nit cost is the average cost of making a product and cost per unit is the marginal cost
What is the difference between overhead allocation with overhead apportionment?
The following are the differences between allocation and apportionment. 1. Allocation costs are directly allocated to cost centre. Overhead which cannot be directly allocated are apportioned on some suitable basis. 2. Allocation allots whole amount of cost to cost centre or cost unit where as apportionment allots part of cost to cost centre or cost unit. 3. No basis required for allocation. Apportionment is made on the basis of area, assets value, number of workers etc.
What is the difference between unit cost and unit price?
Unit Cost is what the manufacturer charges a dealer for the item. The Unit Price is what the dealer charges a customer.
What is the difference between sales price per unit and variable cost per unit?
contribution margin
Are variable cost are always indirect cost?
No. Variable cost is the same as direct cost because it can be varied directly to the cost centre or cost unit,while indirect cost can't be varied directly to it cost centre or cost unit.
Example for cost unit and cost center?
if Edhi is cost centre than the cost unit for this organization will be the affected people who need the service.
The difference between sales price per unit and variable cost per unit is the?
The sales price includes variable cost, the cost of the unit and the markup. Sales price is the rate customers pay for the item.
What is the marginal cost of the 8th unit of output?
it is the difference between the total cost of producing 8 units and 7 units of output.
How would you define contribution margin?
The contribution margin is the difference between the per-unit variable cost and the selling price per unit.
What is the difference between overhead cost and fixed cost?
Fixed cost is a cost that does not typically vary on unit production. On the other hand overhead cost is the summation of all variable cost.
Is unit cost and unit price the same?
Unit cost is how much is costs to make. Unit price is how much you sell it for. The difference is profit.
