Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Period Costs
Some terms are difficult to define. In one school of thought, period costs are the any costs that are not product costs. But, such a description is a stretch, because it fails to consider expenditures which will be of benefit for number of years, such as the cost of acquiring land, buildings, etc. It is the best to relate period costs to presently incurred expenditures which relate to SG&A activities. These costs do not logically link to inventory, and should be expensed in the time incurred.
It is fair to say that the product costs are inventorial manufacturing costs, and the period costs are the nonmanufacturing costs that should be expensed within the time incurred. This distinction is significant, as it paves the way for the relating to financial statements of the product producing the company. And, the relationship between these costs can diverge considerably based upon product produced. A soft drink manufacturer may spend very little on producing the product, but much on selling. On the other hand, a steel mill may have high inventory costs, but very low selling expenses. Managing a business will need you to be keenly aware of its cost its structure.
i have a factory and 87 employees . we have a closure plan in 12 months. what would be the charges?
Accounting for Labour costs We will contain an overview of accounting for labour costs as: a) Gross Earnings It is illustrated as item A that appears like a credit i
After you have studied this section, you should be capable to: know the idea of funds flowing by a business in a dynamic situation understand the role of working capital
asdfdf afd s
Describe the concept of full cost recovery with illustrative examples.
Materials Transaction i. Purchase of Materials on Credit ii. Return of Materials to Suppliers iii. Purchase of Materials in Cash. The above transactions affect both t
Functional Classification of Costs Beneath this classification, costs are classified according to the function they execute in an organization. Costs can functionally be clas
A bank in a medium-sized midwestern city, Firm X, currently charges $1 per transaction at its ATMs. To determine whether to raise price, the bank managers experimented with a n
importance of marginal costing &standing costing
labour cost related case study with solution
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd