The difference between the three elements and the four elements of cost

Updated on educate 2024-04-02
7 answers
  1. Anonymous users2024-02-07

    The main differences are as follows:

    1. It belongs to different production costs.

    The three elements belong to the relevant costs, including the form of cash, reflect the change from the previous cost, and affect the future cash flow.

    The four elements belong to the production costs of industrial enterprises: raw materials, fuel, wages and surcharges, and depreciation.

    2. The number of elements is different:

    There are only three cost elements in the cost triad, and the cost quadruple has one more cost element than the triad.

    3. Different classifications:

    The cost element is a classification of the economic use of the expense or the economic nature of the expense in the cost, which is used to analyze the amount of various production expenses spent in various periods. The three elements of cost are to divide the economic purpose of the expense or the economic nature of the expense into three elements, while the four elements are to divide the economic purpose of the expense or the economic nature of the expense into four elements.

  2. Anonymous users2024-02-06

    Three elements of cost (time, quality, cost).

    Project scope, time, and cost are the three sides of a triangle, and project quality is the area of that triangle.

    This diagram is easy to understand, and everyone can understand most of the meaning without any explanation: to get the target quality of the project product, it is necessary to determine the scope, time and cost of the project. If any of these three items are changed, it will inevitably affect at least one of the other two items.

    It's a very simple question, but in actual work, how many of our bosses can take this triangle law to heart?

    The quality of the project is not determined by the project manager or even the project organization, there are various regulations and standards as benchmarks, and the products of the project must meet the target requirements. And the customer's ignorance of the project and the product leads them to perpetually try to expand the scope of the project, thinking that at least then they will not pay the project team for nothing. In order to get more benefits, the project team must continue to make efforts to shorten the construction period and reduce the cost under the pressure of the boss.

    All those who have the power and money to do the project are trying to sabotage this iron triangle.

    The project as a whole requires special familiarity with the concept of the project triangle in order for the resources of all parties to be coordinated. The scope of the project triangle should not only consider the requirements for the direct results of the project, but also consider the related work requirements in human resource management, quality management, communication management, risk management, etc. The cost in the project triangle mainly comes from the cost of the required resources, and naturally also includes the cost of human resources, which are obtained in different ways and can correspond to different costs, and the demand for resources is directly related to the scope of work and working hours.

  3. Anonymous users2024-02-05

    It is a classification based on the economic use of the expense in the cost or the economic nature of the expense. It is used to analyze the amount of various production expenses in each period.

    1. The production cost factors of industrial enterprises are generally divided into:1) Raw materials: refers to the raw materials, main materials, auxiliary materials and other materials purchased from the outside for production.

    2) Fuel: refers to the consumption of externally purchased fuel.

    3) Wages and surcharges: Refers to the wages and surcharges paid to workers and employees.

    4) Depreciation expense: refers to the withdrawal of various fixed assets.

    depreciation expense.

    2. InSAP system, cost elements are used to record different types of expenses, which fall into the following two categories:

    1. Primary cost elements, which are essentially profit and loss accounts in financial accounting.

    2. Secondary cost elements, which can be used to describe management accounting.

    The nature of the cost when the cost is transferred between internal cost objects.

  4. Anonymous users2024-02-04

    The three elements of production cost generally refer to direct materials, direct labor and manufacturing expenses.

    Production costs refer to the production expenses incurred by the production unit for the production of products or the provision of services, including various direct expenditures and manufacturing expenses. Direct expenditure includes direct materials (raw materials, auxiliary materials, spare parts, fuel and power, etc.), direct wages (wages and subsidies of production personnel), and other direct expenses (such as welfare expenses); Manufacturing expenses refer to the expenses incurred by the branches and workshops in the enterprise for organizing and managing production, including the salaries, depreciation costs, maintenance costs, repair costs and other manufacturing expenses (office expenses, travel expenses, labor insurance premiums, etc.) of the branch and workshop management personnel.

  5. Anonymous users2024-02-03

    1. The elements of production cost are generally divided into:

    1) Raw materials: refers to the raw materials, main materials, auxiliary materials and other materials purchased from the outside for production.

    2) Fuel: refers to the consumption of externally purchased fuel.

    3) Wages and surcharges: Refers to the wages and surcharges paid to workers and employees.

    4) Depreciation expense: refers to the depreciation expense of various fixed assets.

    2. The cost element is a classification made according to the economic use of the expense in the cost or the economic nature of the expense. It is used to analyze the amount of various production expenses in each period.

  6. Anonymous users2024-02-02

    Hello, there are generally these four elements of cost, please see the following cost elements are generally divided into: (1) Raw materials: refers to the production of raw materials, main materials, auxiliary materials and other materials purchased from the outside.

    2) Fuel: refers to the consumption of externally purchased fuel. (3) Wages and surcharges:

    Refers to wages and surcharges paid to workers and clerks. (4) Depreciation expense: refers to the withdrawal of various fixed hopes! Thank you!

  7. Anonymous users2024-02-01

    The main elements that make up the "cost" of a product include:

    1. Material costs.

    2. Outsourcing power costs.

    3. Salary expenses.

    4. Depreciation and other expenses.

    5. Auxiliary production costs.

    6. Manufacturing costs.

    7. Production loss.

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