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Cost = Fixed + (variable x units)

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16y ago

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Related Questions

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


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.


What is the Cost and cost accounting also give out objectives of cost accounting?

answer


Cost accounting and management accounting?

Cost accounting is a subset of management accounting, although the two are used interchangeably.


Compare and contrast between cost accounting and financial accounting?

compare and contrast cost accounting and financial accounting


What are the Classifications of cost accounting?

what are the various classification of cost accounting?


What is the accounting cost function if fixed costs are 50000 and variable costs are 500per unit?

50000 - 500=45000