Manufacturing Costs

  • 8 Posts
  • 1 Sections
  • 1 Types
December 5, 2023 2 min read Definitions
Standard Variable Overhead Cost in Manufacturing
Finance Manufacturing Cost Accounting Cost Accounting Overhead Costs Manufacturing Costs Budgeting Financial Planning
Explore what standard variable overhead cost means in the manufacturing process, including its calculation and strategic importance for cost management.
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November 27, 2023 2 min read Definitions
Total Standard Production Cost in Manufacturing
Finance Accounting Manufacturing Cost Accounting Manufacturing Costs Standard Costing Production Management Business Strategy
Dive into the comprehensive breakdown of Total Standard Production Cost, including materials, labor, and overhead costs, in manufacturing processes.
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October 4, 2023 3 min read Definitions
Factory Overhead in Manufacturing Costs
Finance Accounting Business Management Factory Overhead Manufacturing Costs Indirect Costs Factory Burden Cost Accounting
Explore the intricate world of factory overhead, also known as factory burden, and how it affects the overall manufacturing costs.
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October 4, 2023 2 min read Definitions
Indirect Labour in Manufacturing
Business Management Human Resources Manufacturing Indirect Labour Manufacturing Costs Production Management Business Efficiency Overhead Costs
Explore the concept of indirect labour, its roles in production environments, and its impact on product costing.
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October 4, 2023 3 min read Definitions
Indirect Materials Cost in Manufacturing
Finance Manufacturing Accounting Indirect Costs Manufacturing Costs Materials Cost Overhead Expenses Production Costs
Explore what indirect materials cost entails in the manufacturing sector, including examples and its impact on product pricing.
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October 4, 2023 2 min read Definitions
Machine Hour Rate in Accounting: Understanding Cost Absorption
Finance Accounting Business Management Machine Hour Rate Absorption Costing Cost Accounting Manufacturing Costs Overhead Allocation
Explore the concept of Machine Hour Rate in absorption costing, its calculation, and its pivotal role in understanding product costing in manufacturing.
Read more about Machine Hour Rate in Accounting: Understanding Cost Absorption.
October 4, 2023 3 min read Definitions
Normal Loss in Manufacturing Processes
Finance Manufacturing Business Management Normal Loss Manufacturing Costs Process Efficiency Waste Management Production Planning
Explore the concept of normal loss in manufacturing, including factors like waste, seepage, and shrinkage, and how they impact production costs.
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October 3, 2023 3 min read Definitions
Equivalent Units in Cost Accounting
Finance Accounting Business Management Cost Accounting Manufacturing Costs Work in Progress Inventory Valuation Financial Reporting
Explore what equivalent units mean in manufacturing cost accounting, how they are calculated, and their impact on product costing.
Read more about Equivalent Units in Cost Accounting.

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