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.
Learn more about Cost accounting, here
brainly.com/question/24130824
#SPJ4
Answer:
b. the market for wallpaper is in equilibrium.
Explanation:
Efficient allocation of resources means that the cost to produce the last unit of wallpaper and the benefit from that unit equals.
It must be the case that the cost of obtaining the product (which is equal to the benefit to the buyers) is the same as the cost of producing the product. That is the price.
The quantity where demand and supply meets in the equilibrium quantity (supply curve intersect demand curve)
That's the market equilibrium, where the price and quantity that buyers are willing to buy and suppliers are willing to sell is the same.
Answer:
The correct statement option is b.
Explanation:
The replacement decision involves an analysis of two independent projects where cash flows include the initial investment, additional depreciation and the terminal value.
The replacement decision is the process of identifying, evaluating and taking decisions on two or more independent alternatives. During this process company evaluate various alternatives of investment in different projects and select one of the best alternative based on its cost, rate of return, time required and risk associated with it etc.
Answer:
a. Selective attention/comprehension
Explanation:
Selective attention/comprehension -
It refers to some specific external factors , which alerts someone's attention , is referred to as Selective attention/comprehension .
The factors can be some external factors like some specific words , activities , situation etc.
Hence , from the given scenario of the question ,
The students gets distracted by the sound of the pencil on desk .
The correct answer is a. Selective attention/comprehension .
