Define Unit Cost
Unit Cost: The cost of a chosen unit of a good or service. Illustrations comprise dollar cost perton, machine hour, labor hour, and department hour.
What do you mean by the term Comparability which is accounting information?
Cost Avoidance: The action taken to decrease future costs, like replacing parts before they fail and cause harm to other portions. Cost avoidance might incur higher (or extra) costs in the short run however the final or life-cycle cost would be lower.
Fixed Cost: The cost which does not differ in the short term with the volume of action. Fixed cost information is helpful for cost savings by regulating existing capacity, or by removing idle facilities. Also termed as Non-Variable Cost or the Constan
What find out the size of this loss? The size of the deadweight loss is based on the elasticity of supply and demand. As the elasticity of demand increases and the elasticity of supply decreases, that means as sup
Cost: The monetary value of resources employed or liabilities or sacrificed incurred to attain an objective, such as to obtain or make a good or to execute an activity or service.
Normal 0 false false
Identify and evaluate the strategic options in brief?
What do you mean by the term key performance indicators or KPI? Explain in brief?
What are the possible broad regions of decision making process where management accounting information is required?
Write down the different techniques employed to liberate the function of management accounting?
18,76,764
1938571 Asked
3,689
Active Tutors
1461296
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!