0
What else can I help you with?
Define cost measurement?
substitution cost, the measure of the cost you are giving up in order to achieve something else
Define average total cost?
Average total cost is the sum of all the production costs divided by the number of units produced.
Define Accouting for research and development?
resarch and development cost are expensed as incurred in the current period and are not capitalized your welcome
Define value added?
Added value is the difference between the selling price of a good or service and the cost of brought in materials or the value of inputs
Define hourly rate?
The amount charged or paid for an hourAnswer:Hourly rate means the cost of something for each hour it's used or consumed. Baby sitters are often paid by the hour and the cost per hour would be their hourly rate. The use of pool tables is sometimes charged by the hour, the cost per hour would be an hourly rate. Some things, such as sleazy motel rooms, are rented at an hourly rate.
Define cost price and selling price?
define cost and selling price
Is the cost of direct materials classified as a conversion cost?
No, Conversion cost is the sum of direct labor cost and manufacturing overhead cost.
Is Direct material cost combined with manufacturing overhead cost is known as conversion cost?
false, direct labor and manufacturing overhead = conversion cost
What is conversion cost in cost sheet?
conversion cost = direct wages + factory overheads (indirect material + indirect wages)
What is the one cost that would be classified as part of both prime cost and conversion cost?
The one cost that would be classified as part of both prime cost and conversion cost would be:
The one cost that would be classified as part of both prime cost and conversion cost would be?
The one cost that would be classified as part of both prime cost and conversion cost
What are the two categories of cost comprising conversion cost?
The two categories of cost comprising conversion costs are direct labor and factory overhead
How prime cost is different from conversion cost and Manufacturing Costs?
Prime cost basically is the cost of direct labor and cost of direct material; whereas conversion costs is Overhead cost and direct labor cost.
Is indirect cost a conversion cost?
Indirect cost are those costs which are not directly allocated to product units as well as not directly identifiable that's why these are part of overhead cost and overhead cost is part of conversion cost.
How can conversion costs be explained?
The conversion cost is the amount of money it takes to change a resource into a product. Going from something raw to a finished product would almost always have a cost, that would be the conversion cost. The cost at which it takes to convert from one thing to another.
Is Amortization of patents on factory machine a prime or conversion product cost?
Conversion
How do you define food cost?
FOOD COST- ($)COST YOU SPEND ON FOOD( WHICH IS ALOT) :D
