Cost Classification Elements 52

1. The costs of a company since ancient times were very necessary.

2. The ACB company was a company that carried accounting.

3. Expenditures were a lot during the last month.

-The fixed cost of the company was not as expected.

-Overhead are recorded in the general ledger.

-The price of the shares fluctuates according to the market price.

1.Semi-variable costs: They are those that have a fixed root and a variable element, they undergo sudden modifications when certain changes occur in the volume of production or sale.

2.General expenses applied to the cost object include rent, depreciation, training expenses, salaries, expenses associated with vehicles, buildings, energy, advertising, telephone lines or the Internet.

3.It is the difference between the content of the inventory books minus the actual physical existence of the merchandise or products that are held within a business or establishment in question.

1-Prices continue to fluctuate because our economy is so unstable

2-Low cost foundation: Savings of 65% in concrete and 80% in steel compared to systems single pole system.

3-The established cost ratios were in line with the findings of previous investigations concerning the same product concerned

1).three sentences

R/:- I understand! Is there another way to classify cost

- This This is your weekly program finances and profits

-Those concepts are pretty important in order to integrate the cost foundation.

1.We classify the cost of a product or service according to different attributes

2.An accountant needs to have in mind

these

  concepts: material, labor and expenses.

3.Expenses of the period or expenses They are those that are identified with time intervals

1. An ACCOUNTANT needs to have in mind these concepts: material, labor and expenses.

2. BECAUSE at first we were so confused.

3. in the initial ACCOUNTABILITY practices

-There are three partners in a company.

-he was the accountant of the company.

-was the balance sheet to analyze the financial statements.

costs were accounted for.

that was the total result of the cost

This is the information that shows the profit margin of the company

-The budget must be balanced in terms of income and expenses.

-All three reviewers extracted data independently

-The reverse reasoning is also valid naturally.

1.In a standard company, the difference between revenue (from sales and other inputs) and the cost of production indicates gross profit.

2.cost control involves identifying expenses and reducing them to increase profits, cost management is the general process of estimating, budgeting and monitoring project costs.

1. Do you identify a product cost just by looking at it? How?

Add together your total direct materials costs, your total direct labor costs and your total manufacturing overhead costs that you incurred during the period to determine your total product costs. Divide your result by the number of products you manufactured during the period to determine your product cost per unit.

2. What kind of cost can you control in a business?

- Hire the right people.

-Negotiate annual contracts.

-Build strong relationships with suppliers.

-Use cloud computing as a cost control.

1. Yes, the cost of a product is identified by its quality, the benefits that I can obtain and the comparison made previously with other products.

2. The costs that companies can control are the fixed and variable costs.

Do you identify a product cost just by looking at it? How?

No, since it would have to take into account the direct expenses and another that also takes into account the indirect expenses.

What kind of cost can you control in a business?

record the prices of raw materials

1).Do you identify a product cost just by looking at it? How?

R/:*Understand variable and fixed costs.

*Find out what the standard prices are for your industry and competing companies.

*Meet the buyer or client.

2).What kind of cost can you control in a business?

R/: -Direct costs.

- Indirect costs.

- Fixed costs.

- Variable costs.

- Operating costs.

- Opportunity costs

1.

Yes and no, since an average cost of the real cost could be determined by the characteristics of the product or by the need it covers. But yes, it is necessary to make a kind of formulas and steps that help to find it.

2.

Costs have different classifications:

Production costs, distribution costs, administration costs, financing costs, direct costs, indirect costs, historical costs, predetermined costs, period costs, product costs, accounting costs, uncontrollable costs,

1. Do you identify a product cost just by looking at it? How?

R/ Yes,

for its brand and presentation.

2. What kind of cost can you control in a business?

R/ Make and maintain adequate budgets, Work with a safety margin for unforeseen events.

1. Do you identify a product cost just by looking at it? How?

calculating the total product cost and dividing it by the total units sold.

2.What kind of cost can you control in a business?

Make and maintain adequate budgets

Use expense management software.

Organize your cash flow.

1. You cannot identify the cost of a product, just by looking at it. a calculation must be made, applying the profit margin that you want to earn for the sale of that product.

2. Cost control involves identifying and reducing expenses to increase company profits.

1. -Gross Profit

Common among retailers and wholesalers, this method calculates the price of a product by multiplying the purchase cost by the percentage of profit you want to make.

-Identify fixed costs

Keep in mind that so far the product price we calculate only covers the variable costs and profits you want to make.

2. -Direct costs

-Indirect costs

-Fixed costs

-Variable costs

-Operating costs

 -Opportunity costs

-Sunk costs

-Controllable costs