The average cost of production, Cost Accounting

Distinguish between, 

   (i)  short-run variable costs & long-run variable costs, and give an example of each one;

  (ii)  the marginal cost &  the average cost of production, and explain  the conditions likely to cause such costs to vary. 

 (b)  Describe how long-run variable production costs are allocated to cost units in traditional costing methods. In what ways are modern manufacturing methods building this approach less relevant?

 

Posted Date: 3/18/2013 6:03:23 AM | Location : United States







Related Discussions:- The average cost of production, Assignment Help, Ask Question on The average cost of production, Get Answer, Expert's Help, The average cost of production Discussions

Write discussion on The average cost of production
Your posts are moderated
Related Questions
QUESTION 1: PART A Swatathon Inc. has two production departments (A and B) and two service departments (maintenance and stores). Details of next year's budgeted overheads

NSC Ltd. has a 31 May fiscal year-end. NSC disposed of its Information Systems Group (ISG) on 31 January 20X3. ISG had a net loss (after taxes) of $37,700,000 in 20X3, to the date

Standard Costs Establish the Minimum Desirable Costs When actual costs incurred exceed or else are below the standard costs, we after that investigate the variances along with

what is cost audit? types of cost audit explain

Q. What kinds of benefits have communities realized due to FCA? Communities have understood the following benefits by using FCA: • Rates or tipping fees are set right and fa

A local delivery company has purchased a delivery truck for $15,000.  The truck will be depreciated under MACRS as a five year property.  The trucks market value (salvage value)

Shubenacadie Inc. is currently considering a project with a 5-year life that it believes has the potential to return the company to profitability. Based on the results from a marke


Participation - Behavioural Aspects of Standards It has already been pointed out in the previous paragraph such standard costing systems would be more acceptable whether the e

OBJECTIVES OF COST ACCOUNTING : 1-DETERMINING SELLING PRICE 2-CONTROLING COST 3- PROVIDING INFORMATION FOR DESING MAKING 4-ASCERTAINING COSTING PROFIT 5-Facilitating preparation of