Unit Cost And Allcoation Of Overhead Cost Flashcards
1
Q
What are the 4 levels of cost
A
Batch, unit, product and facility (BUPF)
2
Q
Define unit-level cost
A
Incurred every time a unit is produced per volume of production
3
Q
Define batch level cost
A
Incurred everytime a batch is produced
4
Q
Product level
A
Incurred to support the production of each product type
5
Q
Facility level
A
Rent, incurred to sustain the overall production/manufacturing
6
Q
Revenue
A
Variable costs / revenue
