Purpose of cost estimation, Cost Accounting

Assignment Help:

Purpose of Cost Estimation

In estimating it assists the future expenditure as cost prediction like the expenditure will depend upon the cost of the respective activities

a) In determining it assists the total benefits anticipated in a exact activity based on the relationship between projected revenue and projected costs.

Cost estimation is helpful in business cost control, planning and decision making performance evaluation.

Related Discussions:- Purpose of cost estimation

Net cash inflow, Holmes Electronics' Canadian Branch will help introduce in...

Holmes Electronics' Canadian Branch will help introduce into Canada the just developed new electronic device which, when mounted on an automobile, will tell the driver how many mil

Corporate accounting systems, Using the information provided prepare the ...

Using the information provided prepare the four financial statements for inclusion in Plantagenet Ltd's Annual Report dated at its balance date of 30th June 2011. The statement

Cost drivers and predictors, why is determining the cost to manufacture a p...

why is determining the cost to manufacture a product quite a different activity from determining how to control such cost?

Relevance of interdependence , Describe the meaning and relevance of interd...

Describe the meaning and relevance of interdependence of variances when reporting to managers.

Operating cost, 1.Assume that Abel business corporation is purchasing new e...

1.Assume that Abel business corporation is purchasing new equipment, for 350,000$ at the beginning of 2014. Assume that Abel business corporation is in the 30% corporate tax bracke

Calculate- total variable cost and average variable cost, The firm currentl...

The firm currently uses 50,000 workers to produce 200,000 units of output per day. The daily wage per worker is $80, and the price of the firm’s output is $25. The cost of other va

Critical thinking about cost flow, Critical Thinking about Cost Flow It...

Critical Thinking about Cost Flow It is simple to overlook an important aspect of cost flow within a manufacturing operation. If you see that have taken note of an important co

Overhead anaylysis, the annual overhead costs for abc ltd which has 3 produ...

the annual overhead costs for abc ltd which has 3 production centeres and 2 service centers are as follows. indirect wages & supervision X 2million Y 2million 3 production departme

Method of cost esstimation, visual fit cost estimation

visual fit cost estimation

Relationship among financial accounting and cost accounting, Relationship a...

Relationship among Financial Accounting and Cost Accounting The difference among management and cost accounting may be highlighted by using a number of questions namely as;

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages