Identify the class IV cavity classification
When you see TC = Total Costs on a break even chart it stands for Variable, Semi-variable and fixed costs....thus the total cost.
Cost driver is the basic activity which increases the or utilize the cost while cost pool is that in which all costs are jointly shown for example machine setup cost is cost driver while over all overheads is cost pool.
yes transportation an ordering cost
cost of deposits= Interest paid on Deposits/Total deposits
Total Cost = Variable Cost + Fixed CostVariable Cost = 4 per UnitTotal Units to produce = 15000Variable Cost = 15000 * 4 = 60000Total Cost = 60000 + 100000Total Cost = 160000
the disadvantages of cost classification
the disadvantages of cost classification
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Classification of costs
The importance of cost classification to a business should not be underestimated. Cost classification is important because it makes it easier to gather the methods used for accumulating cost data. It also maintains effective supervision in a company.
what are the various classification of cost accounting?
Classification of cost is where expenses are divided into categories that include variable costs, fixed costs, material costs. These costs relate to business activities.
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what are the various classification of cost accounting?
Cost classification by nature refers to categorizing costs based on the type of resources consumed, such as labor, raw materials, or utilities. This classification helps businesses understand the composition of their expenses and make informed decisions on cost management and resource allocation.
It is a cost account because it is in the cost of merchandise division in the chart of accounts.
Varable cost and fixed cost