Explain administration cost and pre production costs, Managerial Accounting

Explain Administration cost and Pre production costs

Administration cost:

The cost of formulating policy, directing the organization and controlling the operating of an undertaking which is not related directly to a product or a service constitute administration costs.

Pre production costs:

There are those costs which are incurred on making a trial production run prior to the formal production.  

Posted Date: 7/9/2013 2:59:58 AM | Location : United States

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