|UNITS OF PRODUCTION|
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Definition of UNITS OF PRODUCTION
UNITS OF PRODUCTION
A depreciation method that relates a machine’s depreciation to the number of units it makes each
an approximation of the number of whole units of output that could have been
A wage calculation method based on the number of units of production
a method of accumulating and assigning costs to units of production in companies producing large quantities of homogeneous products;
An equation determining aggregate output as a function of aggregate inputs such as labor and capital.
Dollar deposits held in Singapore or other Asian centers.
a process costing document that
an estimate of the number
A resource used to produce a good or service. The main macroeconomic factors of production are capital and labor.
The technique of stripping all non-value-added activities from
A general term referring to period costs, such as selling, administration and financial expenses.
A production configuration in which products are continually
An agreement by the loan purchaser to allow the monthly loan quota to be
A general term referring to indirect costs.
A method of nonrecourse asset-based financing in which a specified
The difference between the actual and budgeted proportions
total units to account for
the sum of the beginning inventory
units started and completed
the difference between the number of units completed for the period and the units in beginning inventory; it can also be computed as the number of units started during the period minus the units in ending inventory
see activity-based management
an increase in units or volume caused by the addition
any reduction in units that occurs uniformly
a reduction in units that occurs at a specific
FIFO method (of process costing)
the method of cost assignment that computes an average cost per equivalent
First in, first-out costing method (FIFO)
A process costing methodology that assigns the earliest
an expected decline in units during the production process
a decrease in units arising from an inherent characteristic
weighted average method (of process costing)
the method of cost assignment that computes an average cost per
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