Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Elements of Non - Manufacturing costs
Non-Manufacturing costs are costs incurred via all activities such support the production of services and goods. They are selling costs and administration costs, distribution costs. These are explained as given as:
a) Administrative costs: Is the sum of costs related along with the overall management of the enterprise that cannot be readily identified along with one of the major functional areas as like an example of salary of the factory manager would be seen like a production cost but the personnel officer's salary will be viewed like administrative cost as the personnel function does work for all other functions of the enterprise.
b) Selling Costs: Is the sum of costs related along with the securing of orders from customers? Involved in this area will be items like the salaries paid to the expenditure and salesmen on advertising.
c) Distribution costs: Is the sum of costs related along with warehousing the products and their delivery to customer? The cost of wooden pallets on that products are stacked for delivery to customers and the cost of delivery whether by using the company's own vehicles or outside haulage firm are examples of distribution costs.
d) Finance Costs: These are costs incurred to secure funds to finance the organization's activities. These involve interests on loans and dividends, overdrafts to shareholders, interests on debentures.
e) Development or Research Costs: These are costs such are incurred to invent new products or to modify the existing ones, like costs incurred to get more information on those products.
explain fully the concept of the cost.how does cost accounting contribute to the effective and efficent management of an industrial established?
an application of marginal costing
A company has developed a new product which it will launch next month. During the initial production phase the company expects to produce 6,400 units in batches of 100 units. The f
Prepare answers to each of the following questions. Assume a tax rate of 30%. (i) Harry Ltd has a balance of prepaid rent in the balance sheet amounting to $100 000 as at 30 Ju
how to post journal to ledger four coloumn
ANGLE OF INCIDENCE: It is an angle that is created when the entire sales line intercepts the entire cost line from below in the breakeven chart. It is inferred that higher the an
Pauline's Pastry Shop decides to remodel its offices this year. As part of the remodeling, Pauline's trades furniture with a cost of $12,000 that had been expensed in the year of p
meaning and definition of operating costing
Division B uses normal costing in its job-order costing system, with manufacturing overhead applied based on direct labour hours. You have obtained the following information a
What is Labor Cost Control Management?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd