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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.
State Direct material cost standard The determination of direct material cost standard would involve: a) Determination of quantity standards and b) Determination of pric
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Monitor Let's start by having you think about the controlling your car (aka "driving")! Your steering, acceleration, and braking are not the random things to be done; they are
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briefly discuss five characteristics of relevant cost
In the current corporate world, this is a common practice of companies along with surplus cash to lend to another company for a short period generally ranging from 60 days to 180 d
identify and explain cost classification for performance evaluation
TEMPORARY CLOSURE OF FACTORY OR DEPARTMENT Here there is a similar situation to that of discontinuance of a product such as Model N40. A factory which is expected to earn some
After going through this section, you must be capable to: Know the concept and characteristics of working capital; Identify with the difference among net working capital
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