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 correct answer is to debit an expense.
What is debit ?
- Still, plutocrats are taken out of it to pay someone differently, If an item or a client's account is debited. When you charge your credit card, you credit the credit card account to increase the quantum that you owe, and disenfranchise the expenditure that you charged on it.
- The bank will disbenefit your account for the freights.
- Disbenefit' is a formal secretary and account term that comes from the Latin word debere, which means" to owe".
- The disadvantage falls on the positive side of a balance distance account, and on the negative side of a result item.
- Under term FOB destination, freight is paid by the seller.
Hence,
When amazing bikes co. sells inventory to a customer with shipping terms fob destination, to record the shipping costs amazing bikes co. should debit an expense.
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2042 will be the year the fund drys up, based on its current level.
Answer:
shipment consolidation
Explanation:
The primary aim of the consolidation of shipments is to evaluate cost control and cost control. The aggregation of shipments allows individuals or businesses to save costs thereby integrating several products from different shippers into one shipment.
Therefore in the given case, since the company wants to combine 10 to 12 different orders into one shipment so that the company could save the cost
Hence, the shipment consolidation is correct
<span>The target
selling price per unit is $0.77, According the accounting books I have search,using
this solution: ($168,000 divided by 400,000) + $0.35= $0.77.Target costing is
an approach in most company to know a product’s life cycle cost in which it is
sufficient to develop specified functionality and quality.</span>
