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Describe the Selling costs and Development costs
Selling costs:
These are costs of seeking to create and stimulate demand (sometimes termed as marketing) and securing orders.
Development costs:
There are costs of the process which begin with implementation of the decision to produce a new or improved product or to employ a new or improved method and ends with the commencement of formal production of the product or employment of the method.
Material usage variance Difference among standard quantity of material and actual quantity used is the material usage variance. This variance arises due to: Economic use of
Characteristics of irrelevant costs
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how to journalize entry. purchased $150,000 of raw materials on account, terms of 2/20; n/30
identify and explain the many classification of costs for planning, control.performance evaluation and decision making.
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