15594031
Description
Flashcards by Agnes Devlin, updated more than 1 year ago
|
Created by Agnes Devlin
about 6 years ago
|
|
| Question | Answer |
| Cost - the expenditure incurred on or attributable to a specific thing or activity Cost Unit -is an identifiable product or service for which firm wants to measure the cost Cost measurement systems collect cost data and assign this costs to cost objectives | Cost centre - function or location or activity or an item of equipment for which cost is measured. Directly related to cost objective Accounting department = prep of accounts for clients |
Want to create your own Flashcards for free with GoConqr? Learn more.