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Product/ Period Cost:
Product cost are those which are necessary to be incurred for the production of the products and it may be both fixed and variable in nature. These cost includes, direct material cost, direct labour cost and manufacturing
Period cost are those cost which are incurred after production of products and is incurred for administrative and selling activities of the business.
The Classification of various cost in product or period cost and fixed or variable cost.
Manufacturing Cost per unit:
The Manufacturing cost per unit is an inventoriable cost per unit which is computed by dividing the total product cost with the number of units produced.
The manufacturing cost per unit shall be computed.
The Total cost of plastic and per unit cost of Plastic Bds under total production of 10000 units.
SUB-PART-4
The Total
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Chapter 18 Solutions
FUND.ACCT.PRIN.(LOOSELEAF)-W/ACCESS
- Tulsa's gross profit percentage is:arrow_forwardWhat is the correct answer general Accountingarrow_forwardDepartment A had 15,000 units in work in process that were 60% completed as to labor and overhead at the beginning of the period; 45,600 units of direct materials were added during the period; 42,500 units were completed during the period, and 11,000 units were 80% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. The first-in, first-out method is used to cost inventories. The number of equivalent units of production for conversion costs for the period was ____ Units.arrow_forward
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- Horngren's Cost Accounting: A Managerial Emphasis...AccountingISBN:9780134475585Author:Srikant M. Datar, Madhav V. RajanPublisher:PEARSONIntermediate AccountingAccountingISBN:9781259722660Author:J. David Spiceland, Mark W. Nelson, Wayne M ThomasPublisher:McGraw-Hill EducationFinancial and Managerial AccountingAccountingISBN:9781259726705Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting PrinciplesPublisher:McGraw-Hill Education
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