Cost accounting systems are used to Accumulate period cost and assign them to products or services.
Cost accounting systems are useful in both manufacturing and service industries. This system is used to determine product costs, or the total cost of a product, which includes overhead, materials, and labour. According to a number of variables, including worker hours, machine hours, and other considerations, period costs are given to items.
Cost accounting, according to the Terminology of Cost Accounting, is the process of accounting for costs from the point at which expenditure is spent or committed through the development of its final relationship with cost centres and cost units (England).
<u>The purpose and role of cost accounting</u>
These are the primary goals or duties of cost accounting:
- Cost reduction and cost control
- Decision-making, control, and preparation
- Pricing fixation for sales
- Calculating the projected profit or loss for each activity.
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The answer for this question is C
The benefit that a student can obtain by paying off his student loan before the due date is that his debt is diminishing.
<h3>What is a student loan?
</h3>
A student loan is an aid offered by some public and private entities to those students who are going to start their university studies to lend them the money that their degree is worth.
These entities then establish fees that the student must pay from time to time. However, several of these entities charge interest and other percentages for lending this money to students.
<h3>What is the benefit of making small advance payments?
</h3>
The benefit of paying in advance is that the student will pay off his loan more quickly, which will free him/her from paying higher interest in the future.
Note: This question is incomplete because the infographic is missing. However I can answer it based on my prior knowledge.
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Answer:
The answer is: D) Risk is a measure of the uncertainty surrounding the return that an investment will earn.
Explanation:
Investment risk refers to the probability of losing an investment. It measures the uncertainty level of earning returns from an investment.
When an investor anticipates a higher risk, he will expect higher returns. On the contrary, low risk investments (e.g. T-Bills) offer very low yields.
Answer:
$7.5
Greater
Explanation:
Price elasticity of demand = percentage change in quantity demanded/ percentage change in price
0.2 = 10%/ percentage change in price
percentage change in quantity demanded = 50% = 0.5
0.5 = (New price - $5) / $5
New price = (5 × 0.5) + 5 = $7.5
In the short run, demand is relatively inelastic because consumers need time to find suitable substitutes but in the long run, demand is usually more elastic.
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