Cost accounting grade 12 questions and answers pdf

  • What is cost accounting of class 12 account?

    Cost accounting is referred to as a form of managerial accounting that is used by businesses to classify, summarize and analyse the different costs with the purpose of cost control and cost reduction and thereby helping management in making better decisions..

  • What is the formula for direct material cost grade 12?

    Understanding the Direct Materials Cost Formula
    The following formula can calculate the cost: Beginning Materials + Costs of Materials Purchased - Ending Materials = Direct Material Used..

  • Factory overhead costs
    Costs incurred in the manufacturing of the product, but that are not directly linked to the product.
    Example: Factory electricity, depreciation of equipment, etc.
  • Understanding the Direct Materials Cost Formula
    The following formula can calculate the cost: Beginning Materials + Costs of Materials Purchased - Ending Materials = Direct Material Used.

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