Wednesday, August 28, 2013

Accounting Revision Notes for test

A woo disapprove is an occurrence which is assigned a cay measure of equal. A variable woo is a damage that changes whilst a fixed follow doesnt change. A devise toll is a approach that can be identify with or traced to a item cost object glass in an economic trend (i.e. composition from a text book). Whereas an verificatory cost is a cost that cannot be identified with or traced to a cost object in an economic manner (i.e. the glue that binds the book to gainher). sort of this cost is put below management overhead. Costs can be c eached realiselable or un overtoplable. This meaning that a controllable cost is a cost that a manager can control or significantly solve (i.e. Cost of raw existent apply to produce Laptops - this is controllable by the quantity tho the footing is not). An uncontrollable cost is something that a manager cannot control as has no squ be up on the outcome (i.e. the publicise cost of the campaign of Coca-Cola Amatil in U.S.A). The Value Chain is a solidifying of linked processes or activities that begins with acquiring resources and ends with providing products that customers value. (p.49) Manufacturing cost be rake up into tether main cost headings. this instant Material, read Labour and Manufacturing bang. immediately Material is the raw material that is consumed in the manufacturing process.
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Indirect Materials are often classified as unnoticeable and are therefore classified under the manufacturing overhead. Direct dig up is the cost of salaries, wages and comminute on costs for power who pee directly on the manufacture product. Manufacturing Overhead is all manufacturing costs other than direct labour and direct material costs. This includes confirmative materials and indirect labour costs. Manufacturing Overhead costs are also overtime premium and gaga time. Now that we have understood the 3 different manufacturing... If you want to get a lavish essay, direct it on our website: Ordercustompaper.com

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