Hershey Chocolates- Cost Classifications

Table of ContentsIntroduction1 disjoint 111.1 harvest-tide Chosen - Hershey?s Kisses.11.2 salute Classification21.3 Explanations3Part 252.1 Production process.52.2 fibre of product make uping - Process appealing62.3 Differences between management accounting (MA) and financial accounting (FA) ? cost of inventory7Part 38References10Appendices12IntroductionThe Hershey Company (Hershey) was the chosen listed manufacturing regularise which to be discussed in this assignment. They argon the largest North Ameri thunder chump maker of quality java and sugar confectionery products (The Hershey Company, 2009a). Part 11.1 Product Chosen - Hershey?s Kisses. Hersheys Kisses ar a grapheme of chocolate manufactured by The Hershey Company. The bite-sized pieces of chocolate have a bottomed teardrops shape. Hersheys Kisses are wrapped in squares of lightweight aluminium baffle with a narrow strip of paper project from the top. 1.2 Cost ClassificationBasis of classific ationCost classificationsDefinitionsBehaviourFixed beCosts remain unchanged in total contempt changes in the take of activity. Variable beChange in total cost in transfer proportion to a change in the level of activity.

Curvilinear beHas a curved cost line, yet is much approximated as a semi variable cost functionTraceability DirectCosts that can be traced to a particular responsibility totality are direct costs of that centreIndirectCosts that relate to responsibility centres, but cannot be traced precisely to specific responsibility centres are validatory costs of those centresControllabilityControllableCosts that are influenced by the decisions or actions of a managerUncontrol lableCosts that are not influenced by the de! cisions or actions of a managerValue chainUpstream?Research and outgrowth costs , Design costs, Supply costsManufacturing/ productionall(a) costs involved in the acquiring of raw visibles to the delivery of finished goods to the warehouse. Downstream? marketing costs , Distribution costs, Customer service costsManufacturing/ product costsDirect material? temporal that is consumed in the manufacturing processDirect push back?The cost of wages and labour on-costs of round who work directly on manufacturing a productManufacturing bang?All manufacturing costs other than direct material and direct labourTiming of... If you lack to get a full essay, order it on our website: OrderEssay.net

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