Elements of manufacturing costs, Cost Accounting

Elements of Manufacturing costs

Manufacturing costs are the costs incurred to create a product. Keep in mind for a product that refers to both services and goods.

The elements of manufacturing costs are as:

1. Labour costs; and

2. Overhead costs.

3. Material costs,

These elements make up the net cost of a product, like shown underneath:

Total product cost = Material cost + Labour Cost + overhead cost

 

Posted Date: 2/5/2013 2:51:00 AM | Location : United States







Related Discussions:- Elements of manufacturing costs, Assignment Help, Ask Question on Elements of manufacturing costs, Get Answer, Expert's Help, Elements of manufacturing costs Discussions

Write discussion on Elements of manufacturing costs
Your posts are moderated
Related Questions
what is the purpose of cost accounting and its nat ure?

Classification of Labour Costs This can be classified into like: a) Indirect or Direct cost b) Variable or Fixed cost c) Non controllable and controllable cost a)

Material Costs Material refers to each physical input into the production procedure. They involve the giving as: Raw material refers to bought in material that is used

Matheson Electronics' Canadian Branch will help introduce into Canada the just developed new electronic device which, when mounted on an automobile, will tell the driver how many m

contract account formate

A  firm of printers  is contemplating  joining  the uniform  costing  system operated by  its Trade Association but the Managing Director is dubious about the benefits of becoming

Q. Is there barely one way to conduct fca? Ans. No. It is significant for each area to put the FCA process in perception with its waste management goals. Every community w

Assume that $140,000 of Denham Springs school dostrict 8% bonds are sold on the bond issue date for $128,598 interest is payable semiannually, and the bonds mature in 15 years. The


PROFIT VARIANCES Sales variances are important as they have a direct bearing on profits earned by the organization.   thus, they can be used as the basis of determining profit