Can anyone define Cost Unit and give some examples in a business ?
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The cost of a given unit of a product.
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It is talking about the design and use of the company's accounting system.\nThis system should be designed so that it provides all the necessary management information to help decision making.\nSales should be analysed so that meaningful information can be gained about which customers are buying which products.\nPurchases should be analysed so that departmental costs and profit/loss are available,, etc
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A good example of outsourcing is:\n\n A large company that occupies a large block of offices and outsources its cleaning services.  This means that they don't have to employ cleaners, deal with staff issues such as sickness and holidays and their offices are cleaned to an agreed standard by an agreed time every day.  The logistics of how that is achieved are then down to the cleaning company and not the large company in the office block.  In a case such as this, it would probably cost more for this service than if they employed their own cleaners but they have the service without the headaches of employing the staff.\n\nIt is not always about saving money, sometimes it is just about getting a better, more reliable and efficient service.\n\nA lot of companies who outsource services take the view that they should stick to what they know and let others do what they do best.  That way everyone wins and everyone does their job to the best of their ability.\n\nOf course, like everything it can be abused and sometimes it is just a cheaper way and not necessarily the best way of getting a job done......but if it is done properly then it can work really well.
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In advertising sales, it is Average Unit Rate. I imagine it's the same in other businesses.
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Something to do with COSTING. Try this,
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try this site \n\nhttp://www.futureaccountant.com/process-costing/
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Payment\n\nMain Entry:   expense \nPart of Speech:   noun \nDefinition:   cost \nSynonyms:   amount, assessment, bite*, bottom line*, budget, capital, charge, consumption, debit, debt, decrement, deprivation, disbursement, duty, expenditure, forfeit, forfeiture, insurance, investment, liability, loan, loss, mortgage, nut, obligation, outdo*, outlay, output, overhead, payment, payroll, price, price tag, rate, responsibility, risk, sacrifice, spending, sum, surcharge, tariff, toll, upkeep, use, value, worth \nAntonyms:   payment \nNotes:   expenditure refers to an actual outlay of money or goods, whereas expense has a more general sense, a charge or cost of goods or property; we have expenses, but we make expenditures \nSource:   Roget's New Millennium™ Thesaurus, First Edition (v 1.3.1)\nCopyright © 2006 by Lexico Publishing Group, LLC. All rights reserved.\n* = informal or slang
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try this site\n\nhttp://www.futureaccountant.com/process-costing/study-notes/
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Any price list or charge in his type of business is a combination of Labour, Materials, Plant, Profit and Overheads \n\nStep 1. Calculate (or guess) the number of man-hours it will take to do a task.  Cost out each man-hour and multiply it by the number of man-hours.\n\nStep 2. Calculate the cost of the materials he will use.\n\nStep 3.  Work out what plant and small tools he will need.  Calculate an hourly charge out rate for this plant and small tools by calculating the cost of the plant and dividing by the number of useful hours for each.  Also allow for repairs to that plant .  Multiply the cost per hour by the number of hours the plant will be used.\n\nStep 4.  Add 1, 2 & 3 and apply a profit margin of say 20% to this answer.\n\nStep 5.  Add say 15% for overheads to the amount from 4.\n\nDo this for each activity that he undertakes.  For example installing a light fitting in an existing painted wall and making good has a cost of materials, such as the switch, conduit, conductors, saddles, outlet box and cover, draw wire, light fitting, plaster, paint, cleaning materials on completion.  Include the labour required to chase the wall, draw the wire, terminate at the switch, terminate at the fitting, the plastering and making good.  Then add the cost of the drills, angle grinder, conduit bending machine, etc.  Overheads are items such as the transport of the materials, the ladder or access, the cost of the bookkeeper, telephone bill, rent of warehouse, advertising, marketing, etc.\n\nRemember that he should charge more money than it is costing him but at a price his customers are prepared to do business with him for.\n\nKeep a record of the prices charged against each item and compare it against the costs incurred.  Refine your price lists based on your data base.\n\nGood luck
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refer to this notes \n\nhttp://www.futureaccountant.com/process-costing/
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A) Here is what materials, labor, and machinery operations cost.\nB) Here is money I received for (widget) production.\n   B - A = funds from operations.
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(a)\nC = mx + b\nC = 10x + 40\n(where fixed cost could be due to the cost of the workers or rental of the factory...)\n(The variable cost is the cost required to make 1 item)\n\n(b)\nR = 50x\n(The revenue, money collected, from selling x items is 50x.\nSo if you were to buy 1 item, you would pay $50\nand if you were to buy 3 items, you would pay $150.)\n\nRevenue = Cost\nR = C\n50x = 10x + 40\n50x - 10x = 40\n40x = 40\nx = 40/40\nx = 1\n\nThe selling of 1 item would result in the break-even point.
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I am sitting P1 \nMy lecturer has told me that transfer pricing will be tested in section b.  there has also not beeen a Q. on process costing in section c for a while.  as long as you know the basics of:\nprocess costing\nabc\nmc\nac\nvariances\nannd bugets you sould be fine.
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Process costing traces and accumulates direct costs, and allocates indirect costs, through a manufacturing process. Costs are assigned to products, usually in a large batch, which might include an entire month's production. Eventually, costs have to be allocated to individual units of product.\n\nWhy do we need to allocate total product costs to units of product? A company may manufacture thousands or millions of units of product in a given period of time. · products are manufactured in large quantities, but, · products must be sold in small quantities, sometimes one at a time (automobiles, loaves of bread), a dozen or two at a time (eggs, cookies), etc. · product costs must be transferred from Finished Goods to Cost of Goods Sold as sales are made. This requires a correct and accurate accounting of product costs per unit, to have a proper matching of product costs against related sales revenue. · managers need to maintain cost control over the manufacturing process. Process costing provides managers with feedback that can be used to compare similar product costs from one month to the next, keeping costs in line with projected manufacturing budgets. · a fraction-of-a-cent cost change can represent a large dollar change in overall profitability, when selling millions of units of product a month. Managers must carefully watch per unit costs on a daily basis through the production process, while at the same time dealing with materials and output in huge quantities. Materials part way through a process (e.g. chemicals) might need to be given a value, process costing allows for this. By determining what cost the part processed material has incurred such as labour or overhead an "equivalent unit" relative to the value of a finished process can be calculated.
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Depends on the size of the factory, and what it's doing.  I'd have to imagine there would be a HUGE variance in cost among different factories.
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Manufacturer's side:\n\nnet cost=how much it costs you to make it\nretail=how much you charge for it\n\nPurchaser's Side:\nnet cost: the final price you pay less any discounts, coupons or taxes\nretail: the original retail price before any discount's coupons or taxes
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depends on your business how many lines but its basicly ..\nA gross sales\nB taxes\nC payouts\nD net sales. a-b-c=d\nyou can do the same thing with laber cost , prouduct costs, waste it all depends on the type of business