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What is a job order cost system?
You have two basic types of manufacturing processes- continuous and discrete or job shop. A job order cost is based upon the direct materials/components and direct labor associated with making this specific final product. You would tyoically add manufacturing overhead and profit to this cost (a build up) to get to fully loaded costing and pricing. A job order cost system can be standard cost based or an actual cost build-up (time and materials) if you are making custom units.
Why knowledge of cost behavior is useful information for a manager to have?
With more information about cost behavior managers can determine what products can be produced to maximize profits. This knowledge will help the organization build value for shareholders.
What is the difference between cost accounting and cost management?
For retail companies, computing cost of goods sold is a fairly straight forward process. Beginning inventory + purchases - ending inventory = COGS. For manufacturing firms, however, that simple formula won't work. They have to compute how much something cost to build, which can be extremely complicated. Hence, cost accounting evolved for manufacturing companies.
How many units of capacity should be built to minimize the total cost of providing capacity plus lost sales?
To minimize the total cost of providing capacity plus lost sales, you should analyze the demand forecast, variable costs of capacity, and the cost associated with lost sales. Typically, the optimal capacity is reached when the marginal cost of providing an additional unit of capacity equals the marginal cost of lost sales. This involves using demand elasticity and cost data to determine the precise point. Conducting a cost-benefit analysis can help identify the ideal number of units to build.
What is expensing a cost?
"Expensing a cost" is the act of declaring a business cost part of the current accounting period's cost of doing business. You're saying that the cost was required for you to do business. You're also saying that the expense didn't leave any benefit behind once it was spent. A good example is a utility bill. There are other expenses that build factories, increase inventories, or otherwise benefit you long term. Those typically aren't "expensed". They're added into an asset account and the tax deduction is taken over the useful life of the item improved.
How much did it cost to build a West Edmonton Mall?
The mall originally cost 1.2 billion dollars.
How much did it cost to build the Mall of Philippines?
$650.2 million dollars
How much would it cost to build a double garage 6m x 6m in Johannesburg South Africa?
How much will it cost to build a face brick 6 x 6 meter garage in Centurion, Gauteng, SA
How much did it cost to build southpoint mall in nc?
i dont know ask someone else:)
Cost to build a hospital in a third world country or cost to build a mall in a third world country or cost to build a hotel in a third world country?
89 cents or you can get chicken burrito at Taco Bell... belly comes first!
How much does it cost to build a 10000 square feet mini mall?
It could cost ten million dollars or more to build a small mall.
How much does a bus ticket cost from Gauteng to Phalaborwa?
R 240.00
How much per square foot does it cost to build a 9200 square foot commercial strip mall?
It costs alot.
What is the average cost for a store in a mall?
The average cost in a mall store is about $12.00
How much did it cost to build the southdale mall?
Southdale Mall, located in Edina, Minnesota, opened in 1956 and was the first fully enclosed, climate-controlled shopping mall in the United States. The construction cost for Southdale Mall was approximately $20 million at the time. Adjusted for inflation, that amount would be significantly higher today. The mall was designed by architect Victor Gruen and has since become a model for shopping malls across the country.
How much does it cost to set up a booth at the mall?
Cost will vary from one mall to another. No one answer- sorry- check with the mall in question.
What is the Chevron Renaissance?
The Chevron Renaissance is a development in Queensland, Australia. The development consists of a shopping mall and apartment complex, and cost over $400 million to build.
