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accrued expenses are those costs which have been incurred in a period, but which have not yet been paid for e.g. rental for property for March which is paid in April, must be accounted for (i.e. entered in your books) in March as an accrual
There are two measures of production costs: total costs and marginal costs. The relevant ratio depends on which of these is being minimised.
Fixed costs are costs that donot vary with the quantity of the product produce and have no relation with volume of product like administration staff salary or building rent etc.
Profit is calculated by subtracting costs from revenue.
It is 100*staff costs/total costs.