Cost units - terms used in cost accounting, Cost Accounting

Cost Units - Terms Used in Cost Accounting

It is the quantitative units of the service or product in relation to those costs are ascertained. The cost unit will be determined through the nature of the business enterprise. It might be as:

1. A service is given to the customer

2. A unit of production expressed like a relevant quantity

3. An individual job, contract or batch.

Posted Date: 2/4/2013 8:32:37 AM | Location : United States

Related Discussions:- Cost units - terms used in cost accounting, Assignment Help, Ask Question on Cost units - terms used in cost accounting, Get Answer, Expert's Help, Cost units - terms used in cost accounting Discussions

Write discussion on Cost units - terms used in cost accounting
Your posts are moderated
Related Questions
H Bhd has a 75% holding in the ordinary shares of S Sdn Bhd and 40% in A Sdn Bhd. Shares in S were acquired  in 2006 when its retained earnings were RM120 million.  The shares in A

Under what conditions is a market-based transfer price optimal?

Capital We have seen previous in this section that the fundamental accounting equality states as: Assets = liabilities + owners equity. From the illustration of balanc

Methods of Cost Estimation We will consider given cost estimation methods commonly employed, namely as: a. High Low Activity method b. Engineering Analysis c. Account

Budgetary Planning and Control Budgeting refers to the process of quantifying the plans of an organization such as to enable it get its objectives in the defined duration.  Th

DEFINITION OF BUDGET As per the Institute of Cost & Management (ICMA), London, a BUDGET is 'a quantitative statement and / or financial, prepared and approved prior to a defin

the following information relates to process 3 of a three stage production process for the month of january 2014. opening inventury 300 units comlete as to; material from proces

Hello, I''m currently doing a research on a company and planning an Activity Based Costing system since the company is using Traditional Costing system to allocate the overhead to

How do I figure the estimated activity and estimated allocation base?

Profit Analysis and Cost Volume or CVP Analysis CVP Analysis checks the relationship between profit, activity level and the cost. CVP Analysis assists in a broad range of p