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Write an equation to represent the situation if p is the price of the dinner in dollars. The cost of a dinner plus a 10 percent tip is 10.22?
The equation would be expressed as p + 0.1p = 10.22.
How cost accounting helps the firm in determining the selling price?
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.
Choose the best answer The first thing which needs to be done in cost accounting is to A Make profit B Calculate selling price C Determine cost of making a product?
The first thing which needs to be done in cost accounting is to Calculate the selling price.
Choose the best answer 1 The first thing which needs to be done in cost accounting is to A Make profit B Calculate selling price C Determine cost of making a product?
The first thing which needs to be done in cost accounting is to Calculate the selling price.
How do you calculate unit cost as you increase production?
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 responsibilty of Cost Accounting?
What are the function and responsiblity of Cost Accounting
How does the cost accounting function assist in the management of a business?
the function of cost accounting is to provide management of differents acitivities in a business
What is the Difference between integrated and interlocking accounting system?
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.
Fundamental accounting equation?
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.
Equation for marginal cost and average cost?
Marginal cost - the derivative of the cost function with respect to quantity. Average cost - the cost function divided by quantity (q).
Why cost accounting is used instead of financial accounting?
cost accounting is used instead of financial accounting because cost accounting is used to determine the cost of the good produced
What is the Cost and cost accounting also give out objectives of cost accounting?
answer
How does management accounting differ from cost accounting?
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.
Compare and contrast between cost accounting and financial accounting?
compare and contrast cost accounting and financial accounting
Cost accounting and management accounting?
Cost accounting is a subset of management accounting, although the two are used interchangeably.
What is the accounting cost function if fixed costs are 50000 and variable costs are 500per unit?
50000 - 500=45000
What are the different fields of accountung?
1- Cost Accounting 2 - Financial Accounting 3 - Management Accounting
