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Methods of Cost Estimation
We will consider given cost estimation methods commonly employed, namely as:
a. High Low Activity method
b. Engineering Analysis
c. Account Analysis
d. Visual Fit as Scatter graph method
e. Learning curve Theory
f. Easy linear regression analysis
Variable Overhead Expenditure Variance Budget for December 2003; Shs. Fixed Overheads 11,480 Variable Ov
Target Income Calculations Breaking even is not the bad thing, but surely not a satisfactory outcome for most businesses. In its place, a manager might be more interested in le
ANNUAL DEMAND = 2400 UNITS ORDERING COST PER UNIT = RS.4.00/- UNIT PRICE = RS 2.40/- STORAGE COST = 2% P.A INTEREST RATE = 10 % P.A LEAD TIME = HALF MONTH CALCULATE ECONOMIC ORDER
OBJECTIVES OF COST ACCOUNTING 1)To help in the development of long range plans by provided that cost data that acts as a origin for projecting data for planning. 2)To make s
what are the purposes of cost accounting
What is the easiest of calculate equivalents before producing a process account 2
distinguish between bin card and store ledgre
What are types of relevant costs
Beginning inventory on March 1 consisted of 2,000 units each costing $11.20. During March, the following was purchased for inventory: Date Purchase
Expenses are usually recorded only while they are paid. The failure to record unpaid expenses in the accounts outcomes in an understatement of which expense and also an understatem
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