Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. in preparing a business plan, one of the starting

In preparing a business plan, one of the starting point is to compute costing of...

60.1K

Verified Solution

Question

Accounting

In preparing a business plan, one of the starting point is to compute costing of a unit of a product or a service.

(a) Discuss the relevance of costing of a unit of a product or service. (2 marks).

(b) Explain four advantages of costing in an enterprise. (4 marks)

(c ) Costing can also help you to determine the Break-Even-Point (B.E.P).

(i) State the formula for B.E.P. ( 2 marks).

(ii) What is the importance of B.E.P in business? (4 marks)

(d) Construct a costing matrix that is used in costing by an enterprise

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Assume $1 is currently equal to $19.33 Mexican peso in the spot market. Assume the expected...

Finance
Q

Why can't correlations tell us anything about cause and effect?  Going further, what kind of an...

Basic Math
Q

that's the joint the hip-hop studies aummary for chapter 7. (i use to love H.E.R.)

Psychology
Q

What is the main difference between a hormone and a neurotransmitter Check all that apply...

Biology
Q

What are the b smaller and c larger values of f that put F at...

Physics
Q

NEWTON S LAWS 25 Two blocks connected by a cord passing over a small frictionless...

Physics
Q

Balance a ration for 14 CP DM using cracked corn and soybean meal 44 Soybean...

Basic Math
Q

A Christmas tree is supported by a wire that is 1 foot longer than the...

Basic Math
Q

Find the following indefinite integral 3x2 1 x Xdx O a x x c C...

Algebra
Q

HELLO, I JUST ONE TO GET ANSWER TO SOME SPECIFIC ( some sections of certain...

Accounting
Q

During the fiscal year ended September 30, 2020, Happster Co. had a 5-for-1 stock split....

Accounting
Q

Bought a company truck for $6,000 by signing a note at the bank Bought a...

Accounting