Explain the purpose of cost accounting
Briefly explain the purpose of cost accounting.
Expert
The purpose of cost accounting is to determine the cost of designated cost centers and cost units. Cost is expenditure on the goods and services which is required to accomplish the operations of an organization. A cost centre is area of the organization for which costs are collected for the purpose of cost planning, ascertainment, decision making and control’ (Law, 2010, p. 119 and 116).
Rusties Company recently implemented an activity-based costing system. At the beginning of the year, management made the following estimates of cost and activity in the company’s five activity cost pools: Activity Cost Pool Activity Measure Expected Overhead Cost Expected Activity Lab
Briefly elucidate your investment bank strategic in common? Way of work and methods you take?
Give a brief introduction of the term ‘ABC Analysis’ and also write down is merits?
Explain what do you meant by the Bank Reconciliation? And how we can do its entry in the busy Software?
Give a brief introduction of the term Floating rate bonds?
Give a brief introduction of the term Danger level of inventory levels?
Write down the exit routes accessible to VCF?
Write down the steps in procurement of material?
To make public issue what are the eligibility criteria for an unlisted company?
If partly paid shares are not fully paid up can a company make public issue of equity shares?
18,76,764
1955733 Asked
3,689
Active Tutors
1446338
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!