Manufacturing

Descrição

Definitions & formulas
Liesch
FlashCards por Liesch, atualizado more than 1 year ago
Liesch
Criado por Liesch aproximadamente 11 anos atrás
34
0

Resumo de Recurso

Questão Responda
PRIME COST raw (direct) materials + direct labour cost
TOTAL COST OF PRODUCTION raw materials + direct labour + factory overhead costs
UNIT COST total cost of production __________________ number of items produced
MARK - UP profit made
SELLING PRICE Cost price + mark up = selling price
BREAK EVEN POINT Fixed costs _______________ (Selling price- Variable costs ) = no. of products
FIXED COSTS Remain constant within a period of time irrrespective of the amount of goods produced (eg rent)
VARIABLE COSTS Vary in proportion to the amount of goods produced (electricity & direct labour)

Semelhante

CPA Exam Topics and breakdown
joemontin
CPA Exam Flashcards
joemontin
CPA Exam Sample Questions Pt. 1
nedtuohy
Accounting Definitions
Tess Morris
Accounting I - Objective 2 Keller
Kathleen Keller
Exam Bank 2
Valek
Specific Order Costing
Natalie Gray
COSTING SYSTMES
Francia o
Glossary of Accounting Terms
racheloucks
Unit 4 The Accounting Cycle
a.j.hemphill
Chapter One: Introduction to Accounting
charlotte.power9