Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Why do accountants normally calculate cost per unit as an average? Determining the exact cost of a product is virtually impossible. Some manufacturing-related costs cannot

Why do accountants normally calculate cost per unit as an average?

Determining the exact cost of a product is virtually impossible.

Some manufacturing-related costs cannot be accurately traced to specific units of product.

Even when producing multiple units of the same product, normal variations occur in the amount of materials and labor used.

All of these are justifications for computing average unit costs.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: Michael J. Jones

1st Edition

0470058986, 978-0470058985

More Books

Students also viewed these Accounting questions

Question

Describe the disciplinary action process.

Answered: 1 week ago