The average cost of production, Cost Accounting

Assignment Help:

Distinguish between, 

   (i)  short-run variable costs & long-run variable costs, and give an example of each one;

  (ii)  the marginal cost &  the average cost of production, and explain  the conditions likely to cause such costs to vary. 

 (b)  Describe how long-run variable production costs are allocated to cost units in traditional costing methods. In what ways are modern manufacturing methods building this approach less relevant?

 


Related Discussions:- The average cost of production

Limitations of cost accounting, LIMITATIONS OF COST ACCOUNTING Cost Acc...

LIMITATIONS OF COST ACCOUNTING Cost Accounting similar to additional branches of accountancy is not an precise science although is an art which was developed throughout theorie

Economic order quantity, KIW Ltd currently orders Material B in batches of ...

KIW Ltd currently orders Material B in batches of 2,500 kgs. Material B is consumed at a steady, known rate over the company's planning horizon of one year. The current usage is 40

the refuse department , The CFO of ABC Municipality has heard of activity ...

The CFO of ABC Municipality has heard of activity based costing and wants to execute it in the municipality. Because ABC involves a number of changes to how service costs are deter

What are the variable costs, Normal 0 false false false ...

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4 Variable costs are those

Cvp analysis, the formula of culculating product cost per unit

the formula of culculating product cost per unit

Multiple Products, Differentiate between Multiple Products, Selling Costs a...

Differentiate between Multiple Products, Selling Costs and Margin Management

Standards in standard costing, Standards in Standard Costing 1) The ty...

Standards in Standard Costing 1) The type of standard utilized basic, attainable, ideal, current directly affects the level of the variances that can arise, and the meaning th

Marginal costing.., importance of marginal costing &standing costing

importance of marginal costing &standing costing

Construct p&l statement , You are considering starting a walk-in-clinic.  ...

You are considering starting a walk-in-clinic.  Your financial projections for the first year of operations are as follows: Revenues (10,000 visits) $400

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd