It is called batch level cost. It is the generation costs that are brought about just when another group is handled. These expenses may incorporate things like set-up time, moving materials, and stacking machines. For these costs, it doesn't make a difference what number of units are created in the cluster.
Answer:
Accounts Payable: Describes all money a business owes to vendors and suppliers for purchases of goods and services made on credit. Often listed in sum on the balance sheet as “current liability"
Supposing that financial records refer to source documents for accounting such as sales vouchers, invoices and such, it is important to the organisation of accounting data and helps accountants make detailed and correct accounts, which can then be translated into financial statements such as balance sheets and income statements which help managers and other stakeholders to make crucial financial and business decisions.
