Unit costing is calculations for a unit piece in manufacturing in organizations. Following are the top Unit Costing Question Answers (Cost Accounting). Unit Costing Problems and Solutions 1. Define unit cost? Unit cost refers unit of production or service for which costs are ascertained and expressed. 2. What is the Unit Costing method? It is a method of … [Read more...] about Top 13 Unit Costing Problems and Solutions
Accounting
Top 21 Labour Cost Question Answer (Cost Accounting)
![Labour Cost: Top Short Q&A [Cost Accounting]](https://www.googlesir.com/wp-content/uploads/2018/04/15237819555271-353x189.jpg)
labour costing is a very important part of cost accounting. Following are the Top Question answers on Labour cost. Labour Cost Question Answer (Cost Accounting) 1. Define Piece workers. Piece workers are those workers to whom wages are paid according to work done or per item manufactured. 2. What is meant by Casual labour? Casual workers or not regular … [Read more...] about Top 21 Labour Cost Question Answer (Cost Accounting)
Top 15 Material Costing Questions and Answers
Calculations materials costing inc sot accounting is very important to manage all your raw materials inventories and cost. Material Costing Questions and Answers Following are the explained questions and answers for material costing: 1. Explain Material Control? Material control is the adoption of proper procedures in the procurement, storage, utilization, and … [Read more...] about Top 15 Material Costing Questions and Answers
Overheads in Cost Accounting: 15 Questions Answers
Overheads are a very important part of cost accounting. Following is the Top Overheads Question Answer. Overheads in Cost Accounting - Explained 1. What is meant by overheads? The aggregate of indirect material cost, indirect wages, and indirect expenses is known as overhead. 2. What do you understand by fixed overhead? Fixed overhead remains unchanged up to a … [Read more...] about Overheads in Cost Accounting: 15 Questions Answers
What is Integrated and Non-Integrated Accounting System
Integrated and non-integrated accounting system is part of a good accounting system. Integrated and Non-Integrated Accounting Systems: Q&A 1. What do you understand by the integrated accounting system? The integrated accounting system is a method of accounting for financial and costing transactions in which self-integrated accounts are maintained. 2. Give any … [Read more...] about What is Integrated and Non-Integrated Accounting System