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A machine originally had an estimated useful life of 5 years, but after 3 complete years, it was decided that the original estimate of useful life should have been 10 years. At that point the remaining cost to be depreciated should be allocated over the remaining:2 years5 years7 years8 years10 years
fifo method
what is the meaning of classification of cost in relation to variability?
Prod 400000 DM cost $3 DL 24 moh v 1.80 F 4.50 products 35000 DMP12000lb@$11/lb DM use10450lb DL38500HR 880500 v moh64150 FMOH152000
prepare a trading and profit and loss accounts for the period using marginal costing and absorption costing
1. A company is considering a project that requires an initial investment of $100 million and will pay $20 million of each of the next 10 years, and nothing thereafter. The company
what is marginal costing and explain concept of marginal costing
This is the income received but not earned throughout the accounting period. Conversely, this is the income for those services are to be rendered in future. Such income is deducted
value of which items are required to be put in a simple format of manufacturing a/c.
Purposes of standard cost accounting connection - suppose you were a management consultant and the client asked you the advantages and disadvantages of using standard costs and cos
Cost sheet is a declaration of cost for a product for given period of time.
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