Note that the data provided gives lumen hours per hour of labour, not hours of work required to produce 1000 lumen hours. So you will need a calculation to find the right numbers. 3.1. Show and explain how to calculate work time required in seconds for the last observation.
Process Costing
Process costing is a sort of operation costing which is employed to determine the value of a product at each process or stage of producing process, applicable where goods produced from a series of continuous operations or procedure.
Job Costing
Job costing is adhesive costs of each and every job involved in the production processes. It is an accounting measure. It is a method which determines the cost of specific jobs, which are performed according to the consumer’s specifications. Job costing is possible only in businesses where the production is done as per the customer’s requirement. For example, some customers order to manufacture furniture as per their needs.
ABC Costing
Cost Accounting is a form of managerial accounting that helps the company in assessing the total variable cost so as to compute the cost of production. Cost accounting is generally used by the management so as to ensure better decision-making. In comparison to financial accounting, cost accounting has to follow a set standard ad can be used flexibly by the management as per their needs. The types of Cost Accounting include – Lean Accounting, Standard Costing, Marginal Costing and Activity Based Costing.
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Do you think you can explain how I go about solving the part in bold italic underlined please I need to do this in excel but not sure how to get the result in excel?just step by step explanation of how to solve bold italic underlined parts.Thank you
Note that the data provided gives lumen
hours per hour of labour, not hours of work required to
produce 1000 lumen hours. So you will need a calculation to find the right numbers.
3.1. Show and explain how to calculate work time required
in seconds for the last observation.
Data necessary for completion:
| Variable | Lumen-hours per hour of labor | ||
| Time Period | 100,000 BC to AD 1992 | ||
| Year | Technology | ||
| -100000 | -100000 Open Fire | 17.24 | |
| -40000 | -40000 Neolithic Lamp | 20.00 | |
| -1750 | -1750 Babylonian Lamp | 24.39 | |
| 1800 | 1800 Tallow Candle | 186.22 | |
| 1845 | 1845 Whale Oil Lamp | 204.08 | |
| 1855 | 1855 Town Gas Lamp | 336.70 | |
| 1875 | 1875 Early Gas Lamp | 3067.48 | |
| 1895 | 1895 Welscbach Mantle | 12048.19 | |
| 1920 | 1920 Carbon Filament Bulb | 83333.33 | |
| 1940 | 1940 Carbon Filament Bulb | 181818.18 | |
| 1990 | 1990 Carbon Filament Bulb | 1652892.56 | |
| 1992 | 1992 Compact Fluorescent Bulb | 8403361.34 |
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