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What terms can be used to describe money that is earned by government when it levies taxes?
revenue
Is A differential cost a variable cost?
No they are not the same things. Differential costs are ones that differ between different alternatives. Differential costs are used interchangeably with the terms avoidable, incremental, and relevant costs. However, variable costs are simply ones that vary with different activity levels. They do not necessarily differ between alternatives.
What is the difference between full costing and full absorption costing?
The two terms are different names for the same costing technique. Full cost refers to the principle that all overheads, fixed and variable, should be treated as product costs and be absorbed, or allocated, to cost objects. Cost objects can be various items but typically are units of product or service. This principle is distinct from variable costing in which fixed costs are considered to be period costs rather than product costs, and as such are not allocated to products. Product costs are used to value stocks of unsold products and cost of production so the selection of basis, full cost or variable cost, will affect the profit of individual products and influence management decisions.
What is the difference between process costing and operation costing?
Process costing and operational costing systems are used in accounting, usually in relation to the manufacturing sector. Both refer to the costs of production, but they differ in terms of methodology and application. Process costing is used in industries where the products are all basically the same, such as bricks or cement. Operational costing, on the other hand, is used in industries where the products are similar but may have some variation in terms parts or the quality of materials.
What is the difference in how future costs and past costs are used by companies?
Future cost versus past cost. Effective decision making analyzes only present and future outlay costs, or out-of-pocket costs. Optimal decisions result from using future costs, whereas financial reporting uses past costs.
Which terms are used to describe the things an object can do?
The terms "capabilities" or "functions" are commonly used to describe the things that an object can do.
What are smuggled goods called?
There are various terms that could be used to describe goods that have been smuggled. For example, it could be called contraband.
What terms literally means group name and is used to describe the way various groups of organisms are named in a classification scheme?
taxonomy
What terms is used to describe an if-then statement?
conditional
What are the electronic equipments used in multiplexes?
describe various electronic equipments used in multiplexes describe various electronic equipments used in multiplexes
What are the terms used to describe the weight of marijuana?
grams
What are 3 terms used to describe such as cows?
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Smooth and striated are terms that can be used to describe?
Muscle.
Earthy shiney waxy mattalic and pearly are terms used to describe a mineral's what?
Earthy shiney waxy mattalic and pearly are terms used to describe a mineral's surface.
What is wave terminoligy?
Wave terminology refers to the specific terms used to describe various properties and characteristics of waves, such as amplitude, frequency, wavelength, and speed. Understanding these terms is important for studying and analyzing waves in various fields like physics, engineering, and oceanography.
What terms are used to describe physical challenges?
Physical challenges can be described using terms like disabilities, impairments, limitations, and obstacles. These terms highlight the various ways in which individuals may experience difficulties in engaging with the physical world.
What terms are used to describe the countries of belguim the Netherlands and Luxembourg?
'BeNeLux' is the term that is used to describe Belgium, the Netherlands and Luxembourg.
