Showing posts from July, 2016
What Do You Want Most? Is It Money, Fame, Power, Contentment, Personality, Peace of Mind, Happiness? The Thirteen Steps to Riches described in this book offer the shortest dependable philosophy of individual achievement eve…
Total Output: Output is produced through the process of production. Thus, Total Output can be defined as "The sum total of the quantity of the commodity produced at a given period of time in the economy." Therefore, T…
1. Prime Cost Prime cost consists of costs of direct materials, direct labors and direct expenses. It is also known as basic, first or flat cost. 2. Factory Cost Factory cost comprises prime cost and, in addition, works or factor…
Basic cost elements are: 1. Raw materials 2. Labor 3. Indirect expenses/overhead 1. Material (Material is a very important part of business) • Direct material/Indirect material 2. Labor • Direct labor/Indirect labor 3. Ove…
1. The preference shareholders are legally entitled to the repayment of capital in the event of liquidation of the company. False 2. A company being a creation of law cannot die a natural death. …
