Define Full Cost
Full Cost: The sum of all costs needed by a cost object comprising the costs of activities executed by other entities in spite of of funding sources.
Expenditure that increases the dollar amount of fixed assets on the balance sheet. These outlays either increase the value of assets already owned or add additional assets. The payments increase the future benefit of an asset by extending the life of the asset, increa
From the books of Aggarwal Bors, the following information have been extracted: Rs. Sales 2,40,000 Variable costs 1,44,000 Fixed costs 26,000 Profit before tax 70,000 Rate of tax 40% The firm is proposing to buy a new plant which can generate additional annual profit of Rs. 10,000. The fixed
What are the key qualities or characteristics which accounting information should possess?
Cost Object (also referred to as Cost Objective): It is an activity, item, or output whose cost is to be computed. In a wide sense, a cost object can be an organizational division, task, a function, product, service, or a customer.
ACCOUNTING PROCESS: The process of Accounting involves the following steps: Q : Main purpose of the business Briefly Briefly describe the main purpose of the business?
Briefly describe the main purpose of the business?
Write a short note on the relationship between risk and return?
What do you mean by Service: It is an intangible product or task rendered directly to a client or customer.
Write down a short note on the major tasks of board that runs the organization?
Write down a short note on the influence of manager’s behavior in management accounting information?
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