Cost Accounting Assignment Help
After completing intermediate, multiple students across the globe comes to Australia for studying management studies for their graduation as well as post-graduation. Cost accounting is one of the major subjects in Management Studies. Our Australia Assignment Help experts offer student with a good quality Cost Accounting assignment help which helps them in getting good marks in their academic. Students use to suffer heavy losses in their studies because cost accounting involves the proper attention towards understanding the illustrations and formulas for resolving their question. To eliminate the burden of practicals our assignment experts use to help them in providing good quality practical as well as a written assignment for our University learners.
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Types of costs in cost accounting
There are multiple types of cost involved in the production of goods and services or in the selling of any particular good and services in the market. Some of the major types of cost are as follow:
- Sunk cost– Sunk cost is a type of cost which does not vary according to the change in any of the variables.
- Fixed cost– Another type of major cost is the fixed cost. Fixed cost is the cost which a company or a manufacturing unit have to pay irrespective of any changes in the variable cost.
- Opportunity cost– Opportunity cost is a cost which depends upon the availability of alternative in the market. For example, if a restaurant used to buy a chicken from a wholesaler and he got an opportunity of getting a direct chicken from the poultry farm is what an opportunity cost he is saving.
- Incremental cost– As the name suggests the incremental cost is the increase in the cost with the changes in the demand and supply in the market. It also depends on many of the factors of market such as government policies, the economy of the country, inflation effect, etc.
- Book cost– This is a type of cost which is not paid directly but is shown in the profit and loss statement of the company.
- Explicit cost– The cost with a company has paid out for the purchase of any raw material or equipment is known as an explicit cost.
- Implicit cost– The cost which is incurred in the decision making of the company for the growth of the company can be written as an implicit cost. This type of cost is not written in the books of account. For example, a seminar held for increasing the knowledge of the customer is known as an implicit cost.
- Economic cost– This cost is also known as future cars because this cost can be uncertain it cannot be protected today or tomorrow it can be incurred anytime.
Major elements of cost accounting
Our Management assignment help possesses proper knowledge about the elements of the cost accounting with helping them in making perfect and valuable assignments. Some of the Elements of cost accounting are as follows:
- Material cost– This type of cost has been incurred in the purchased of the material for the production of goods and services. There are two types of material cost; direct cost as well as an indirect cost.
- Labor cost– Another type of element of cost accounting is the cost incurred by the labor law on labor. Without labor or worker, none of the machinery can also be work. The abilities the production process becomes easy and convenient with the labor. A factory will also completely dependent upon the machine also higher labor for the switch on and off of the particular machinery.
- Expense cost – One of the major cause incurred by every organization is its expensive cost. All type of expenses which are used in the production, marketing and distribution of the product has to be written in the expense cost. Even administrative activities are also written in the headings of expense cost.
Some major qualities of our cost accounting Assignment help experts
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- On time submission– Our Australia experts submit all the assignment within the committed time. We understand how important is to submit the assignment within the time for the university scholar.
- Plagiarism free work– Our experts do not copy any material from the internet or from any other written sources. Our Expert believes in research, which makes them unique and different from other assignment help provider. To do my assignment on time our experts do not copy it from any other written assignment or from the internet.