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represents the value of the consumption of living and materialized labor performed in order to obtain a product at a time, consumption that takes the form of production a ... Voir Plus
Cost of Production Means Cost of Producing any Item or Unit. The Cost of Production have Three Elements of namely:01) Raw Material Consumed,02) Direct Labor and03) Fact ... Voir Plus
The costs related to making or acquiring goods and services that directly generates revenue for a firm. It comprises of direct costs and indirect costs. Direct costs are ... Voir Plus
A budget is a quantitative plan prepared for a specific time period. It is normally expressed in financial terms and prepared for one year. Budgets contribute to performa ... Voir Plus
This is the type of budgeting that will have all the persons involved or who hold the budgets to be involved in the budget making process. Most probably it will have empl ... Voir Plus
There are two components of cost of production, 1. Fixed cost - Includes Salary & wages, Insurance, Contract Services, Warehousing, Administrative expenses. 2. Variab ... Voir Plus