Advantages of using absorption costing system
Briefly illustrate out the advantages of using absorption costing system for computing the total cost of product.
Expert
The advantages of the absorption costing are that it gives a means of sharing total overheads of a business in manufacturing sector over the several production cost centers and the overheads for the specific production cost centre over the several products passing through it. It offers production overheads to be gathered or apportioned to the cost centers on fair basis and absorbed in the cost unit using an appropriate using the overhead absorption rate. Non-production overheads are absorbed in the cost unit through adding the percentage based upon the proportion of non-production overheads to total production cost.
For a company to utilize funds what is the minimum subscription required?
Is it okay to consider capital expenditures while computing the profitability of throughout a certain period?
Give a brief introduction of the term Net Profit?
What is the major difference between the LOV and Picklist? Illustrate briefly?
For credit rating what technique does CRISIL follow?
Give a brief introduction of the term Zero coupon bonds?
Give a brief introduction of the term credit rating? And also write down its major features?
Describe a brief contrast on the term ‘Financial Accounting’ and ‘Cost Accounting’?
Hi, i have an assignment, how do i know which ledger is the relevant one
Describe briefly the purposes which cause pass book of the bank and your bank book not tally?
18,76,764
1956276 Asked
3,689
Active Tutors
1439712
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!