Playing a video (Stop)
Powered by Haskell (GHC 8.8.4 )

1.fixation.

Are there two ways of fixing the price for Europe?

 

2.actual cost.

Inventory is valued at actual cost whenever possible.

 

3.benchmark.

This benchmark measures the performance of the CPU using multiple threads.

1. Through the costs it is possible to determine the profit margin of the company and, therefore, the real results of the operation of the entity are known. In this sense, the costs are defined in an indispensable tool to evaluate the organization as a whole.

 

2.

The standard cost system allows evaluating the productive efficiency of the organization, developing a budget plan, facilitating cost control and detecting deviations.

1-It is necessary for companies to know the real cost of their production system so that they can make decisions that are more adjusted to the reality of the business.

 

2- The standard cost system allows evaluating the productive efficiency of the organization, developing a budget plan, facilitating cost control and detecting deviations.

What is the importance of standard costs?

The standard cost system allows evaluating the productive efficiency of the organization, developing a budget plan, facilitating cost control and detecting deviations.

Through the costs it is possible to determine the profit margin of the company and, therefore, the real results of the operation of the entity are known. In this sense, costs become an indispensable tool to evaluate the organization as a whole.

1. The accountant designs a new technique for controlling costs.

2. He designs a new technique for controlling costs.

3. He designs a new technique for controlling costs for him.

1. The manager uses a new system to reduce costs.

 

2. She implements a new costing technique for he.

 

3. Create a new system to reduce costs for the boss

1. Do you think costs affect revenue in a company? Why?

Yes, costs affect the profits of a company, if it does not have a correct cost determination system it is more vulnerable to making wrong decisions, it does not have real control of its finances and it cannot profitably plan, manage and evaluate cash flows. worked.

2. Do you think it is necessary to set standards for costing? Why? Why not?

Yes, it is necessary to establish standards for costs, since they are predetermined costs that serve as a basis to measure actual performance.

1. So, it is like budgetary control.

 

2. Establishment of cost centers for controlling costs.

 

3. Classification of accounts for analyzing costs information.

1. general accounting focused on measuring the production costs of a specific good or the provision of a specific service. This is because cost accounting to determine the manufacturing unit value of a product is very extensive and requires a subsystem within the general accounting system.

 

2. Yes, it is necessary since the standard cost must be calculated based on the already finished or semi-finished product; the material is calculated according to the detail of the technical specifications of the material that enters the product; the work, according to the technical detail used in the various operations, and the indirect manufacturing costs according to the corresponding quota, based on the previous budget

1.No, because through the costs it is possible to determine the profit margin of the company.

 

2.Because standard cost is one of the most widely used systems for determining production costs in a manufacturing company.

Through the costs it is possible to determine the profit margin of the company and, therefore, the real results of the operation of the entity are known. In this sense, costs become an indispensable tool to evaluate the organization as a whole.

 

The importance of standard costs lies, among other issues, due to efficiency in reducing costs and eliminating unnecessary outlays, which achieves the highest efficiency in production costs by establishing optimum levels of use of human resources

*No. Because when we refer to "an information system that allows recording, determining, distributing, accumulating, analyzing, interpreting, controlling and reporting the costs of production, distribution, administration, and financing.

 

 

*Yes. Because the standard cost is one of the most used systems to determine production costs in a manufacturing company, and the development of 30 questions related to the standard cost that will help to understand this cost system is presented below.

1.Yes, because it's time to increase the price of products and the vast majority of customers are affected by the increase in product prices and that causes us to lose customers.

 

2.Yes, because it is to generate more profit and from that obtain to buy more inventory.

1. Not since It is necessary for companies to know the real cost of their production system so that they can make decisions that are more adjusted to the reality of the business.

 

2.Yes, since they are predetermined costs that serve as the basis for measuring actual performance. Accounting standards do not need to be incorporated into the accounting system.

Standard Costing