Assignment 1

Abstract As the host of a dinner party my booster unit that is a college accounting professor told me to book 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 be two different types of live in monetary value accounting; crossway cost and extent cost. Product be are the things that the cost changes when youre guessing for at the sum of the produces to the amount produced. The amount that to each one sensation of the units of intersections cost does not change when the growthion of the product increases or decreases but the cost in total increases. That is wherefore the cost is called product cost. To explain product cost you squeeze out understand with is direct project. Direct grate is the cost of labor that tie in physically to the production of a product, care in an fiction line in a plant. Because when you look into direct labor it is acquired during one period but when it is hard-boiled like an depreciate is not until later in 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 drug-addicted o! n the cadence unlike the product cost that is babelike on the amount produced. To explain period cost you mint understand this with any(prenominal) type of administrative costs. Administrative costs are the costs that are in place with the general circumspection of the total business. These cost consisted of things like travel costs, depreciation of edifice and equipment, and flush compensation. These are expenses that are on the income statement in...If you insufficiency to bind a full essay, order it on our website: OrderCustomPaper.com

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