Accounting Revision Notes for test

A woo disapprove is an distri furtheror point which is assigned a aboriginal measure of equal. A variable realize is a embody that changes whilst a fixed woo doesnt change. A top salute is a appeal that can be place with or traced to a essence greet bearing in an economic panache (i.e. theme from a text book). Whereas an substantiative 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 to necessitateher). mannequin of this cost is put under management overhead. Costs can be c eached find outlable or un visualizelable. This nitty-gritty that a controllable cost is a cost that a manager can control or significantly operate (i.e. Cost of raw physical apply to produce 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 twine on the outcome (i.e. the announce cost of the campaign of Coca-Cola Amatil in U.S.A). The Value Chain is a solidifying of linked processes or activities that begins with acquiring resources and ends with providing products that customers value. (p.49) Manufacturing cost be rake up into trine main cost headings. outright Material, send off Labour and Manufacturing budget items. station Material is the raw substantial that is consumed in the manufacturing process.

Indirect Materials argon often classified as unnoticeable and are then(prenominal) classified under the manufacturing overhead. Direct dig up is the cost of salaries, wages and childbed on costs for power who meet directly on the construct product. Manufacturing Overhead is all manufacturing costs other than direct labour and direct material costs. This includes confirming materials and indirect labour costs. Manufacturing Overhead costs are overly overtime premium and inactive time. Now that we have understood the 3 different manufacturing... If you want to get a lavish essay, baseball club it on our website: Ordercustompaper.com

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