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Q. Define the Product costs?
Product costs are costs earns in the acquisition or manufacture of goods. Since you will see in the next section included as product costs for purchased goods are freight, invoice and insurance-intransit costs. For manufacturing companies product costs comprise all costs of labour, materials and factory operations necessary to produce the goods. Product costs put together to the goods purchased or produced and remain in inventory accounts as long as the goods are on hand. We allege product costs to expense when the goods are sold. The result is a accurate matching of cost of goods sold expense to its related revenue.
what are the basic theory of accounting
Q. Advantages of Weighted-average? Weighted-average: Advantages because of the averaging process the effects of year-end buying or not buying is lessened. Drawback Manipulation
Lego Toys is planning to produce new toys at its factories. The setup cost of the production facilities, production costs and profits for each toy are given below: Toy Setup c
An airfoil of surface area 1ft squared is tested for lift (L) in a wind tunnel. At an angle of attack of 5 degrees with standard air of density 0.0024 slugs/ft cube at a speed of 1
Define the term- FICA TAX This is a matching tax paid equally by employee and employer. Two parts-OASDI and HIP. Current rate for OASDI is 6.2% on the first $102,000 earned
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Market determines are useful for analyzing publicly traded corporations. Many of these calculates use stock price, which reflects the market's (public's) expectation for the compan
WHAT ARE THE CHARACTERISTICS OF ASSETS
Q. Explain Vertical analysis? Vertical analysis demonstrates the percentage that each item in a financial statement is of some significant total such as total assets or sales.
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