Hershey Chocolates- Cost Classifications

Table of ContentsIntroduction1 fall in 111.1 harvest-tide Chosen - Hershey?s Kisses.11.2 salute Classification21.3 Explanations3Part 252.1 Production process.52.2 case of product hailing - Process saluteing62.3 Differences between management account (MA) and financial accounting (FA) ? cost of inventory7Part 38References10Appendices12IntroductionThe Hershey Company (Hershey) was the chosen listed manufacturing put in which to be discussed in this assignment. They argon the largest North Ameri thunder scratch maker of quality java and sugar confectionery products (The Hershey Company, 2009a). Part 11.1 Product Chosen - Hershey?s Kisses. Hersheys Kisses are a sheath 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 atomic number 13 baffle with a narrow strip of paper protrude from the top. 1.2 Cost ClassificationBasis of classificatio nCost classificationsDefinitionsBehaviourFixed beCosts remain unchanged in total notwithstanding changes in the take of activity. Variable beChange in total cost in compute proportion to a change in the level of activity.

Curvilinear beHas a curved cost line, and is much approximated as a semi variable cost functionTraceability DirectCosts that can be traced to a particular responsibility essence are direct costs of that centreIndirectCosts that relate to responsibility centres, exclusively cannot be traced precisely to specific responsibility centres are substantiative costs of those centresControllabilityControllableCosts that are influenced by the decisions or actions of a man agerUncontrollableCosts that are not influen! ced by the decisions or actions of a managerValue chainUpstream?Research and information costs , Design costs, Supply costsManufacturing/ productionall(a) costs involved in the acquiring of raw cloths to the delivery of finished goods to the warehouse. Downstream? market costs , Distribution costs, Customer service costsManufacturing/ product costsDirect material? temporal that is consumed in the manufacturing processDirect campaign?The cost of wages and labour on-costs of round who work directly on manufacturing a productManufacturing smash?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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