BUSI 3008 Lecture Notes - Lecture 8: Eu Three, European Cooperation In Science And Technology
6 Dec 2016
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Fifo (keeps costs separate over every period) Process costing used when company manufacturers products that are similar (used for products with. Conversion costs all other costs, other than dm, includes manufacturing labour, indirect. Transferred in costs costs incurred in the previous department, which are carried forward materials, and all other indirect costs. Added equally along the production process: all physical units move from one department to the next, their cost per eu move with to the next process in the production cycle. Costs to keep track of: them: always 100% - because fully being transferred from one to the next, amount transferred in = amount transferred out in previous. 80 units partially complete (transferred in = 80 units) Dm eu 80 units x 80% = 64 equivalent units (eu) Eu 80 units x 75% = 60 eu. Averate eu cost of the work done to date is regardless of when the work was done.
