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Is interest expense a Direct Cost?
Interest expense is not a direct cost because it is not used to manufacture the products rather it is paid to acquire the capital.
Replacement cost method in accounting pros and cons?
The replacement cost of accounting factors in the cost of getting new human and capital resources and the training costs associated. Companies usually undertake a lot of costs in replacing employees.
How does management accounting differ from cost accounting?
Management accounting includes both financial and cost accounting, tax planning and tax accounting. Cost accounting, on the other hand, does not include financial accounting, tax planning and tax accounting.
Cost accounting and management accounting?
Cost accounting is a subset of management accounting, although the two are used interchangeably.
Compare and contrast between cost accounting and financial accounting?
compare and contrast cost accounting and financial accounting
What are some of the major strengths and weaknesses of historical cost accounting?
the difference between income derived from the viewpoint of maintaining financial capital (as in historical cost accounting) and income derived from a system of ensuring that physical capital
Which term refers to the cost of a firm incurs for capital goods?
Interest
When computing the amount of interest cost to be capitalized in the concept of avoidable interest refers to?
a cost if capital charge for stockholder's equity
What is the opportunity cost of acquiring new capital?
equals the interest
Is interest expense a Direct Cost?
Interest expense is not a direct cost because it is not used to manufacture the products rather it is paid to acquire the capital.
What term refers to the cost a firm incurs for capital goods?
Interest
Which term refers to the cost a firm incurs for capital goods?
interest
What has the author Carl L Moore written?
Carl L. Moore has written: 'Managerial accounting' -- subject(s): Accounting, Cost accounting, Managerial accounting 'Tracing the flow of net working capital and cash'
Define the term investment center and cost center?
The term investment center is used for business units that is within an enterprise. It must be treated as a unit that is measured against capital. Cost center is a department unit that is within an organization in which costs may be charged for accounting purposes.
Replacement cost method in accounting pros and cons?
The replacement cost of accounting factors in the cost of getting new human and capital resources and the training costs associated. Companies usually undertake a lot of costs in replacing employees.
Why cost accounting is used instead of financial accounting?
cost accounting is used instead of financial accounting because cost accounting is used to determine the cost of the good produced
How does management accounting differ from cost accounting?
Management accounting includes both financial and cost accounting, tax planning and tax accounting. Cost accounting, on the other hand, does not include financial accounting, tax planning and tax accounting.
