COST ACCOUNTING
MANUFACTURING OVERHEAD
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which basis uses RM per basis to determine POR?
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Unit of Production
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DM Cost & DL Cost
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DL Cost & DL Hours
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Unit of Production, DL Hours & Machine Hours
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Explanation:
Detailed explanation-1: -Types of cost accounting include standard costing, activity-based costing, lean accounting, and marginal costing.
Detailed explanation-2: -Standard costing is the practice of estimating expenses in the production process since manufacturers cannot predict actual costs in advance. Manufacturers use this methodology to plan upcoming costs of various expenses, such as labour, materials, production and overhead.
Detailed explanation-3: -A cost accounting system helps determine how much the production of a good or service will cost. There are two types of systems: job order costing and process costing.
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