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To calculate the average cost in accounting, you add up the total costs and then divide by the number of units produced or sold. This gives you the average cost per unit.

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5mo ago

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What are the difference between cost accounting and financial accounting?

Prime role of cost accounting is to calculate the cost per unit of product produce while financial accounting deals with financial reporting of company's performance.


The first thing which needs to be done in cost accounting is to do?

The first thing which needs to be done in cost accounting is to Calculate the selling price.


How do you calculate the weighted average in accounting?

To calculate the weighted average in accounting, you multiply each value by its respective weight, then add up all the results and divide by the sum of the weights.


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How can one calculate the average cost in economics?

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Choose the best answer The first thing which needs to be done in cost accounting is to A Make profit B Calculate selling price C Determine cost of making a product?

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What is the average cost of forensic accounting courses?

Your average cost of forensic accounting course will be around $900 to $1000 for study materials except tuition fees. Tuition fees depends on universities.


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How do you calculate cost of placing an order in inventory management?

calculate the average cost of placing one order