15594031
Description
Flashcards by Agnes Devlin, updated more than 1 year ago
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Created by Agnes Devlin
over 5 years ago
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| Question | Answer |
| Cost - the expenditure incurred on or attributable to a specific thing or activity Cost Unit -is an identifiable product or service for which firm wants to measure the cost Cost measurement systems collect cost data and assign this costs to cost objectives | Cost centre - function or location or activity or an item of equipment for which cost is measured. Directly related to cost objective Accounting department = prep of accounts for clients |
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