Finance General Faqs

What is the difference between Expenses and Expenditure?
The difference between expenses and expenditure. Expense is the outflow from a profit oriented organization while expenditure is the outflow from non-profit organization. ...... More »
Explain some of the methods used to allocate support costs?
Headcount or number of pc's per cost center. ...... More »
What is the marginal cost?
Marginal Cost (MC): The marginal cost of an additional unit of output is the cost of the additional inputs needed to produce that output. More formally, the marginal cost is the derivative of total production costs with respect to the level o...... More »
Explain the information about cost sheets?
Cost sheet consists of the direct and indirect expenses incurred in producing a given product and classifying the expenses incurred according to office, administration, selling and distribution overheads. ...... More »
What is CMM?
CMM is an internationally recognized standard for measuring the maturity of an organization's software development processes and has become the primary benchmark multinational corporations use to judge IT service providers ' abilities to d...... More »
What is CMMI?
Capability Maturity Model Integration (CMMI) is a process improvement approach that provides organizations with the essential elements of effective processes. It can be used to guide process improvement across a project, a division, or an en...... More »
What is chargeback?
A process in the industry where a wholesaler requests an amount that is the difference between the manufacturer's price to the wholesaler and the contract price to the resale customer. The actual chargeback occurs when the wholesaler...... More »
What are fixed costs?
The costs that are fixed irrespective of production are fixed costs. EX: Rent, Depreciation Fix cost is those cost who not change in any time whether the production done or not it similar charge in every organization ex- salary of labor,...... More »
What is the difference between cost accounting and financial accounting?
One of the basic differences cost accounting is helpfully in controlling the cost of production whereas financial accounting is concerned is helpfully in determining financial position of a concern . ...... More »
Explain cost sheet?
Cost sheet is a statement of cost for a product for given period of time. ...... More »