Answer to Question #67776 in Accounting for lakana

Question #67776
Identify and describe cost behaviour characteristics for the different cost elements of a product or service. Describe the application of policies and procedures to managing accounting information.
Expert's answer
Behavior cost - a character reacting to changes in the costs of the enterprise.
Changes in the size and costs are influenced by specific events and transactions that occur in the course of economic activity. Therefore, activities which affect the costs referred to factor costs. In carrying out production activities will take place the following factors expenditures:
• output;
• the number of repair equipment;
• basic salary.
Understand the relationship between cost and certain factors is important because it allows you to predict future relevant costs is essential for decision-making.
The purpose of cost accounting is to provide detailed information on the costs to manage and control current operations and future plans.
To control costs going accounting information required for management decision. Uses the principles of appropriateness and completeness.

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