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Why it is necessary to calculate equivalent units of production in a process costing environment?
Wiki User
∙ 11y ago
Because unit costs are computed by departments or processes at fixed time intervals.
Wiki User
∙ 11y ago
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What is the difference between production overhead and non-production overhead?
Production overhead are overhead items necessary to produce your product or service, such as the square footage necessary to house your production equipment and area. Non-production overhead will include items not directly related to production, such as advertising & garbage collection, for example.
In job cost systems manufacturing overhead is an indirect cost of jobs yes or no and A Necessary Element in Production yes or no?
Yes to both.
How would you describe an activity-based budget?
Activity-based budgeting is a technique that focuses on costs of activities or cost drivers necessary for production and sales. Such an approach facilitates continuous improvement.
What are direct costs?
Direct Costs: These are those costs which are necessary for the production of the goods and without which it is not possible to make the product. Like Direct Materials, Direct Labor. Example: In the process of making shoe leather is called the direct material which is necessary to make shoe and the cost of this leather is direct cost to the product of shoe.
What 3 main reasons why depreciation is necessary?
To know the replacement cost of an asset To know the true and fair value of concern To know the net income and calculate exact tax(why because it lower the taxes)
What is necessary to aid production?
Many things are necessary to aid production. Some of them are the following:Raw materialsMethods of distributionCapital resources
Which statement concerning production of off spring is correct?
The statement "Offspring inherit genetic information from both parents" is correct. Offspring receive genetic material from each parent, a process that leads to genetic variation in the offspring.
What kind of environment is necessary for nonvascular reproduction?
Nonvascular plants reproduce through spores. They typically need a damp or moist environment to release their spores and for the spores to germinate and grow into new plants. This environment provides the necessary conditions for spore dispersal and establishment of the new plant generation.
Prepare production and control charts necessary to control and optimise the process?
Prepare production and control charts necessary to control and optimise the process?
What is necessary for hiring and organizing production?
A. Businesses
What is necessary for the production of thyroid hormone?
Many things are necessary for the production of thyroid hormone. *Fuel* for the thyroid to produce thyroid hormone however, is iodine.
What is the difference between production overhead and non-production overhead?
Production overhead are overhead items necessary to produce your product or service, such as the square footage necessary to house your production equipment and area. Non-production overhead will include items not directly related to production, such as advertising & garbage collection, for example.
Which of the following is necessary for workers and organizing production?
Businesses
What is necessary for production of nuclear energy?
Radioactive material
Why was Britain the first to industrialized?
It had the necessary factors of production
What is necessary for hiring workers and organizing production?
A. Businesses
What is necessary for the production of a malignant tumor?
assuming the answers are A.) activation of an oncogene in the cell B.) the inactivation of tumor-supressor genes within the cell C.) presence of mutagenic substances within the cell's environment D.) the presence of a retrovirus within the cell E.) both A and B are necessary It is A.)
