List and Describe 5 Steps a Network Manager Might Use

question 63

Essay

List and describe 5 steps a network manager might use to reduce costs.

---

Definitions:

Equivalent Units

A concept used in cost accounting to express the amount of work done on unfinished goods in terms of completed units of output.

Labor

The work performed by humans that is used in the production of goods and services.

Equivalent Units

Equivalent units, in managerial accounting, are a concept used in process costing that represents the amount of work done during a period in terms of fully completed units of output.

Materials Costs

The expenses associated with the raw materials used in the production of goods.