0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
How calculate total period cost?
A total period cost is anything that is not prepaid. To calculate period cost, just include anything that is charged in the period incurred.
What does total cost of production include?
Variable Costs and fixed costs
Cost is an important factor in determining whether a good or service is produced as a public good How does this factor relate to the individual and to society?
1. The benefit to each individual is less than the cost that each would have to pay if it were provided privately, and 2. the total benefits to society are greater than the total cost.
How do you apply the decrement factor if you find that the contractor appears to have overestimated the proposal price?
Multiply the decrement factor by the total cost of all sampled items
What is factor price?
the cost of factor of production
Productivity is the ratio of and .?
Total factor productivity is the ratio of total value added and the total cost of inputs.
How calculate total period cost?
A total period cost is anything that is not prepaid. To calculate period cost, just include anything that is charged in the period incurred.
What does total cost of production include?
Variable Costs and fixed costs
What is the difference between direct cost of sales and total cost of sales?
total cost of sales may include indirect cost as well while direct cost of sales only included direct costs.
What substance is the biggest factor in the price of gasoline accounting for roughly 60 percent of the total cost?
In the UK it is not a substance. The biggest factor is taxation.
Cost is an important factor in determining whether a good or service is produced as a public good How does this factor relate to the individual and to society?
1. The benefit to each individual is less than the cost that each would have to pay if it were provided privately, and 2. the total benefits to society are greater than the total cost.
What are total costs in accounting?
Total cost/ full cost which include Prime Cost *Direct Labour cost *Direct Material Cost *Direct expenses Production Overhead *Variable Overhead *Fixed Overhead Selling and Distribution cost Administration Cost
How do you apply the decrement factor if you find that the contractor appears to have overestimated the proposal price?
Multiply the decrement factor by the total cost of all sampled items
Is total cost equals semi variable cost?
No. Total cost includes fixed costs, too. Even Semi Variable costs include Fixed costs...??? So whats the difference?
What do fixed selling costs include?
The total cost of marketing, advertising, and selling a product.
What does the relevant factor in computing depreciation include?
What principles dictate that an asset's cost should be expensed over its useful life
What is factor price?
the cost of factor of production
