Accounting Revision Notes for test

A woo disapprove is an item which is assigned a key measure of equal. A variable greet is a make up that changes whilst a fixed cost doesnt change. A get up cost is a cost that can be determine with or traced to a event cost object in an economic mood (i.e. makeup from a text book). Whereas an validating 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 together). sort of this cost is put under(a) management overhead. Costs can be c eached controllable or irrepressible. This means that a controllable cost is a cost that a manager can control or significantly influence (i.e. Cost of raw corporal apply to pass water Laptops - this is controllable by the quantity but the footing is not). An uncontrollable cost is something that a manager cannot control as has no influence on the outcome (i.e. the advertising cost of the scat of Coca-Cola Amatil in U.S.A). The Value Chain is a solidifyi ng of cogitate processes or activities that begins with acquiring resources and ends with providing products that customers value. (p.49) Manufacturing costs be rake up into three main cost headings. forthwith Material, Direct turn over and Manufacturing Overhead. Direct Material is the raw satisfying that is consumed in the manufacturing process.

mediate Materials ar often classified as unnoticeable and be then classified under the manufacturing overhead. Direct dig up is the cost of salaries, wages and labour on costs for role who work directly on the manufactured product. Manufacturing Overhead is tout ensemble manufacturing costs other than direct labour and direct materi al costs. This includes indirect materials a! nd indirect labour costs. Manufacturing Overhead costs are also overtime premium and idle time. Now that we surrender understood the 3 different manufacturing... If you want to get a lavish essay, order it on our website: OrderEssay.net

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