The equation would be expressed as p + 0.1p = 10.22.
Cost accounting helps a company know how much an item cost a company. The company can then add the cost they need to make to the product, usually done as a percentage.
The first thing which needs to be done in cost accounting is to Calculate the selling price.
The first thing which needs to be done in cost accounting is to Calculate the selling price.
Increase in cost: take the first derivative with respect to the unit produced of a cost function. Total cost: sub-in the new quantity into the cost function.
What are the function and responsiblity of Cost Accounting
the function of cost accounting is to provide management of differents acitivities in a business
Integrated system is one which combines the cost accounting and financial accounting functions in one system of ledger accounts while an interlocking system has a cost ledger for the cost accounting function and a financial ledger for the financial accounting function.
One fundamental accounting equation is the same for business. Variable cost plus fixed costs equals total costs. This will help accountants when they are pricing products.
Marginal cost - the derivative of the cost function with respect to quantity. Average cost - the cost function divided by quantity (q).
cost accounting is used instead of financial accounting because cost accounting is used to determine the cost of the good produced
answer
Management accounting includes both financial and cost accounting, tax planning and tax accounting. Cost accounting, on the other hand, does not include financial accounting, tax planning and tax accounting.
50000 - 500=45000
compare and contrast cost accounting and financial accounting
Cost accounting is a subset of management accounting, although the two are used interchangeably.
1- Cost Accounting 2 - Financial Accounting 3 - Management Accounting