How machine hour rate is calculated?
The term Gross and Net are often heard in business.please give examples where these terms are used ?
Latest Answer: Its a direct expense and it is basically the expenditure that is spent in production for transportation. ...
What is the meaning Contribution Margin ? How is use ? etc
Latest Answer: In cost accounting the concept of Contribution exist. Costs are bifurcated into Fixed and Variable. Equation is simple: fixed cost + variable cost + profit = sale pricein short sale price - variable cost = fixed cost + profitThis "Fixed cost + profit" ...
Explain the process of cost reporting
What is the difference between cash flow statement and funds flow statement
What is the basis of Purchasing?
Latest Answer: details of purchasing ...
Latest Answer: what is limited liability clause complet detailes of this question ...
what is the difference between cost accounting and management account
Latest Answer: since fixed cost doesn't change whether you decide to produce or not to produce...eg rent, thus in marginal costing fixed cost element is removed so as to arrive at contribution... hence fixed cost is irrelevent cost in marginal costing ...
Latest Answer: The double entry book keeping system that is followed world over has classified the accounts into two categories: Personal Accounts and Non-personal Accounts.Personal accounts are those accounts which belong to either single person or group of persons. ...
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