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Determine the Inputted cost
It is hypothetical cost required to be considered to make costs comparable. It is the owner of the factory charges rent of the factory to the cost of production to make cost comparable with that of those undertakings which run production in rental factories; it is an inputted cost as the rent has actually not been paid. Same is the case with charging interest on down's capital.
SSI, a meat/burger/chicken processing manufacturing plant loacted in Idaho, USA prepares
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State overhead expenses It is to be noted that the term overheard has a wider meaning than the term indirect expanses. Overheads include the cost of the indirect material and
Explain what is meant by traditional costing system. Support with example.
What is Standard costing Standard cost is a predetermined cost. It is a determination in advance of production of what should be the cost. When standard costs are used for the
what does it mean by improving materials usage in an organization?
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Engineering method These methods are based on the use of engineering analysis of technological relationship between inputs and outputs e.g. method studies and time and motion s
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Explain Ranking of decision packages - zero base budgeting Ranking of decision packages: by ranking the decision packages a company will be able to weed out a lot of marginal e
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