Cost of output is calculated each process
Answers
Answer:
One Operation (Unit or Output) Costing:
The cost per unit is determined by dividing the total cost during a given period by the number of units produced during that period.
Explanation:
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Answer:
The approach of costing used in businesses that produce a single product or several classes of the same product but only vary in size, form, or quality is known as output costing.
Explanation:
The approach of costing used in businesses that produce a single product or several classes of the same product but only vary in size, form, or quality is known as output costing.
Unit or output costing is that system of going in which cost are caught on per unit of a single product in a nonstop manufacturing exertion. Per unit cost is calculated by dividing total product cost by number of units produced. This system is known as ‘ single going ’ as diligence espousing this system manufacture, in utmost cases, a single variety of product. This system is also known as ‘ unit going ’, as not only the cost of the total affair, but also the cost per unit of affair is caught on under this system. Under this system cost units are identical. This system is also called ‘ affair going ’, as cost is caught on for the total affair of a product. Unit Cost Account is such a system of cost ascertainment which is grounded on product unit. It's applicable where the product work is done continuously and the units are of the same type or manufactured identically. Affair going is a system of going under which there's the going of a single product which is produced by a nonstop manufacturing exertion. Though under this system of going a single variety of products is manufactured, it may vary in respect of size, grade and colour. The illustration of diligence which make use of this system of going are – slipup, sugar, cloth, coal, cement, fisheries, food canning, chases, colony diligence,etc.
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