Distinguish between extraction cost and production cost
Answers
Answer:
Concept:
Production costs refer to all of the direct and indirect costs businesses face from manufacturing a product or providing a service.
Find:
Distinguish between extraction cost and production cost
Given:
Distinguish between extraction cost and production cost
Explanation:
Production Costs-
Production costs refer to the costs a company incurs from manufacturing a product or providing a service that generates revenue for the company.
Production costs can include a variety of expenses, such as labor, raw materials, consumable manufacturing supplies, and general overhead.
Total product costs can be determined by adding together the total direct materials and labor costs as well as the total manufacturing overhead costs.
The total price paid for the resources used to manufacture a product or create a service, such as raw materials, labour, and others, is called the production cost. The product/service created is to be sold to consumers.
Extraction Costs-
Extraction Costs means the dollar amounts that UNSW will charge the Client for removing Samples from either Freezer Storage or Vapour Phase Storage and preparing and packing the Samples appropriately for return to the Client.
More Informative Audit Reports Can Reduce Investors' Extraction Costs High extraction costs mean that even a firm within a capital market attempts to credibly signal its use of higher quality financial reporting, investors still can find it costly to extract value-relevant information from that firm's audited financial statements.
Influence of Groundwater Extraction Costs and
Resource Depletion Limits on Simulated Global Nonrenewable Water Withdrawals Over the Twenty First Century.
Extraction may be defined as the removal of soluble constituents from a solid or liquid or semi-solid with means of suitable solvent.
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