Assignment 1

Abstract As the host of a dinner companionship my booster unit that is a college accounting professor told me to lease sure that I categorize harvest-tide versus diaphragm courts and fixed versus variable equals. She didnt really explain but I am making sure I agnise this correctly by asking my friend to check this research information that I found. Assignment 2 There argon two contrary types of live in be accounting; crossway cost and menstruum cost. Product be are the things that the cost changes when youre presenting for at the sum of the produces to the amount produced. The amount that separately sensation of the units of convergences cost does not change when the wareion of the product increases or decreases but the cost in total increases. That is why the cost is called product cost. To explain product cost you send away understand with is direct project. Direct labor movement is the cost of labor that tie in physically to the production of a product, bid in an fiction line in a plant. Because when you look into direct labor it is acquired during one period but when it is handle like an depreciate is not until later in some other period when the product is sold. There is also period costs are the things that cost does not change when the amount of the product produced is changed.

When the cost of the product per unit decreases when the production of the product increases and reacts oppositely when the cost of the product per unit increases. The reason they are called period costs is collect to the fact that the cost of the product is restricted on t! he cadence unlike the product cost that is mutually beneficial on the amount produced. To explain period cost you support understand this with any(prenominal) type of administrative costs. Administrative costs are the costs that are in place with the general steering of the total business. These cost consisted of things like travel costs, depreciation of expression and equipment, and flush compensation. These are expenses that are on the income statement in...If you demand to bind a full essay, order it on our website: OrderCustomPaper.com

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