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What is cost accounting and its nature and scope?
Cost accounting is the internal reporting system. It includes cost recording and reporting and cost measurement or estimation. In addition, it includes cost planning, cost control, and cost analysis.
What is the limitation of accounting?
one of the most limitation of accounting is measurement by historical cost
Cost less accumulated depreciation is a measurement of the current value of an asset such as equipment or a building?
buliding
What role of cost accounting in manufacturing organization?
cost accounting plays very important role in manufacturing organisation.unless cost accounting system one can't get the cost of the product appropriately.Many organisations fix their selling price based on the cost information.Not only in ascertaining cost of the product it can be used as measurement for their performance
What is the cost unit?
A cost unit is a specific measurement used to quantify the costs associated with producing goods or services. It can vary depending on the industry and context, such as per unit of product, per hour of labor, or per service rendered. Cost units help businesses analyze expenses, set pricing strategies, and improve cost control by providing a standardized way to assess financial performance and efficiency.
What are the unit cost formula?
Measurement
What has the author Charles Forrest Graham written?
Charles Forrest Graham has written: 'Work measurement and cost control' -- subject(s): Cost control, Work measurement
Define cost measurement?
substitution cost, the measure of the cost you are giving up in order to achieve something else
How would you describe a replacement cost?
Replacement cost. Acquisition cost at the date of measurement, typically the present, in contrast to the earlier date of acquisition.
What is cost accounting and its nature and scope?
Cost accounting is the internal reporting system. It includes cost recording and reporting and cost measurement or estimation. In addition, it includes cost planning, cost control, and cost analysis.
What is the limitation of accounting?
one of the most limitation of accounting is measurement by historical cost
What is the Historic cost concept?
The historic cost concept is an extension of the money measurement rule. It requires transactions to be recorded at the "original" cost. The changes in prices or values will be ignored.
Which baseline typically make up the performance measurement baseline?
Schedule Scope Cost
Which baselines typically make up the performance measurement baseline?
Schedule Scope Cost
Cost less accumulated depreciation is a measurement of the current value of an asset such as equipment or a building?
buliding
How much does a karat of gold cost?
Karat in this context is a purity measurement, not a weight measurement. Today's price for one troy ounce of 24 karat gold (2010August2) is US$1,182.
The Performance measurement baseline consists of which individual baseline?
1. Schedule 2. Cost 3. Scope
