• Machinery - definition of machinery by The Free

    Define machinery. machinery synonyms, machinery pronunciation, machinery translation, English dictionary definition of machinery. n. pl. machineries 1. Machines or machine parts considered as a group. 2. The working parts of a particular machine. 3. A system of related elements that...

  • total cost Definition Facts Britannica

    2020-6-27  Total cost, in economics, the sum of all costs incurred by a firm in producing a certain level of output.It is typically expressed as the combination of all fixed costs (e.g., the costs of a building lease and of heavy machinery), which do not change with the quantity of output produced, and all variable costs (e.g., the costs of labour and of raw materials), which do change with the level of ...

  • What is machine? definition and meaning ...

    machine: 1. General: Semi or fully automated device that magnifies human physical and/or mental capabilities in performing one or more operations.

  • What is Equipment? - Definition Meaning Example

    What Does Equipment Mean?ExampleSummary DefinitionWhat is the definition of equipment? Simply put, a piece of equipment is a capital investment that a company has purchased to perform a specific task for the business. This could be drill press in a machine shop or car lift in a repair shop. Some other examples include machinery, hand and power tools, and/or technical apparatus. All of these assets not considered to be a liquid assets because it is difficult long term in nature and difficult to sell or convert into cash.How do companies accou...
  • What is Machinery Breakdown? BizCover

    2020-7-2  This insurance covers the cost to repair or replace specified machinery following a breakdown. Did you know? ‘Breakdown’ refers to unforeseen and sudden physical damage to specified machinery which requires repair or replacement. There are a number of types of breakdown which are not covered by an insurance policy such as those related to ...

  • Overhauling of a machine: what does it mean?

    Cost-effective. While it may seem unreasonable to further invest in a machine which is still in operation, overhauling of the machine will protect your business from undesirable expenses in the future. Replacing a few parts here and there is without a doubt more cost effective than buying new machinery. A sudden breakdown of a machine can cause ...

  • The Costs of Owning and Operating Machinery -

    The cost of using money was $30,000 times an appropriate lost-opportunity value (say 5 percent), or $1,500 per year. The cost of maintenance and repair, using my rules of thumb, amounted to $28,000 times 70 percent divided by 5,000 hours, which equals $3.92 per hour.

  • What is construction cost? definition and meaning ...

    construction cost: Expense incurred by a contractor for labor, material, equipment, financing, services, utilities, etc., plus overheads and contractor's profit. Costs such as that of land, architectural design, consultant and engineer's fee are not construction costs.

  • Managing Machinery and Equipment - Penn State

    Machinery Cost. Machinery is expensive to own and operate. Purchasing equipment represents a major commitment of capital, which can have a major impact on both the solvency and liquidity of your business. You need to be aware of the costs of owning and operating a particular piece of equipment in order to make the best machinery management ...

  • Cost of Goods Sold (Cost of Sales), Explained

    Cost of labor: This is your cost for employees who work directly making a product from raw materials and parts. It doesn't include payroll costs for administrators or employees in sales, marketing, finance, or other areas. Cost of materials and supplies: These costs must be directly related to making the product.

  • Machinery Definition of Machinery by Merriam

    Machinery definition is - machines in general or as a functioning unit. How to use machinery in a sentence.

  • ON-COST meaning in the Cambridge English

    on-cost definition: a cost that an employer has when they employ someone, in addition to the cost of paying the. Learn more.

  • What is the difference between machinery, machine

    These three things aren't totally contiguous, so there are a lot of differences in actuality, but I will try and sum up the most important ones. Machine is a singular noun or a verb. The noun covers two things: Firstly, an object made up of a n...

  • Sunk Cost Definition - Investopedia

    2020-6-30  Sunk Cost: A sunk cost is a cost that has already been incurred and thus cannot be recovered. A sunk cost differs from future costs that a business may face, such as

  • 大学英语阅读题以及答案_百度文库

    2019-1-14  They cannot recover what they have lost. The thief is too powerful to be affected by the law while the victim is too weak to put its machinery in motion. It may be that the law is defective, or it may be that those having its machinery in charge are influenced by the

  • Accounting Cost: Meaning, and Types of Accounting

    2020-6-15  Meaning of Accounting Cost. Depending on the business scenario and the merit of the situation, the role, and scope of Accounting Cost; For instance, of the finance or accounts manager needs to know the Accounting Cost of the product to take the decision of a short term pricing of the product, he will have to include the variable costs attached to the product.

  • Equipment Sizing and Capital Cost Estimation

    2004-6-29  Equipment Sizing and Capital Cost Estimation 15 Cost Equations SSL (2004) –Purchase Cost Equationsfor numerous process units –see Table 16.32 for “other” equipment items. •Available literature sources back to 1960 consulted. •After determining a suitable equipment size factor, all of the cost data were plotted.

  • Original Cost - Investopedia

    Original cost is the total cost associated with the purchase of an asset. The original cost of an asset takes into consideration all of the costs that can be attributed to its purchase and to ...

  • What is Equipment? - Definition Meaning Example

    2020-3-9  Definition: Equipment is a type of fixed asset used by a company in its business operations and reported on the long-term assets section of the balance sheet under the line item property, plant, and equipment. What Does Equipment Mean? What is the definition of equipment? Simply put, a piece of equipment is a capital investment that a company has purchased to perform a specific task for the ...

  • MACHINERY COST ESTIMATES - AEDE

    2017-2-7  MACHINERY COST ESTIMATES by William F. Lazarus May 2012 The tables in this publication contain estimates of farm machinery operation costs calculated via an economic engineering approach. The data are intended to show a representative farming industry cost

  • MACHINERY COST ESTIMATES - AEDE

    2017-2-7  MACHINERY COST ESTIMATES by William F. Lazarus May 2012 The tables in this publication contain estimates of farm machinery operation costs calculated via an economic engineering approach. The data are intended to show a representative farming industry cost

  • Agriculture and Forestry : Cost Calculators

    Farm Machinery Cost Calculator This tool allows you to calculate ownership and operating costs of common farm equipment. Use the drop-down list to choose the power unit or self-propelled machinery that will be used. When doing calculations for implements, select a

  • Machinery Definition of Machinery at Dictionary

    Machinery definition, an assemblage of machines or mechanical apparatuses: the machinery of a factory. See more.

  • What Is the Meaning of Ex-Factory Price?

    Ex-factory price refers to the cost a manufacturer charges for a distributor or other buyer to purchase products directly from the source. This is a quote for the goods alone. It does not include shipping, handling or taxes. This practice is common when working

  • Marginal Costing: Meaning and Features Cost

    2020-6-29  Meaning of Marginal Costing: Marginal costing is a principle whereby variable costs are charged to cost units and the fixed costs attributable to the relevant period is written off in full against the contribution for that period. ... maintenance and operation costs, depreciation of machinery. The use of marginal costing creates a tendency to ...

  • equipment definition and meaning AccountingCoach

    equipment definition. Equipment is a noncurrent or long-term asset account which reports the cost of the equipment. Equipment will be depreciated over its useful life by debiting the income statement account Depreciation Expense and crediting the balance sheet account Accumulated Depreciation (a

  • What is Machinery Breakdown? BizCover

    2020-7-2  This insurance covers the cost to repair or replace specified machinery following a breakdown. Did you know? ‘Breakdown’ refers to unforeseen and sudden physical damage to specified machinery which requires repair or replacement. There are a number of types of breakdown which are not covered by an insurance policy such as those related to ...

  • Cost Accounting: Meaning, Objectives, Principles and ...

    2020-6-30  Here we detail about the meaning, objectives, principles, objections against and evolution and development of cost accounting. Meaning: Cost accounting is the classifying, recording and appropriate allocation of expenditure for the determination of the costs of products or services, and for the presentation of suitably arranged data for purposes of control and guidance of management.

  • What is Cost And Freight? Definition of Cost And

    2020-6-22  Cost And Freight: Cost refers to the cost of goods and freight refers to all other costs relating to all the means of transportation of the goods. It means that the seller must pay the costs and freight necessary to bring the goods to a named port of destination and must also procure marine insurance against the buyer's risk or loss to the ...

  • What is a Replacement Cost? - Definition Meaning

    2020-3-9  Definition: Replacement cost is the amount of money required to replace an existing asset with an equally valued or similar asset at the current market price. In other words, it is the cost of purchasing a substitute asset for the current asset being used by a company. What Does Replacement Cost

  • What is a Replacement Cost? - Definition Meaning

    2020-3-9  Definition: Replacement cost is the amount of money required to replace an existing asset with an equally valued or similar asset at the current market price. In other words, it is the cost of purchasing a substitute asset for the current asset being used by a company. What Does Replacement Cost

  • total cost Definition Facts Britannica

    2020-6-27  Total cost, in economics, the sum of all costs incurred by a firm in producing a certain level of output.It is typically expressed as the combination of all fixed costs (e.g., the costs of a building lease and of heavy machinery), which do not change with the quantity of output produced, and all variable costs (e.g., the costs of labour and of raw materials), which do change with the level of ...

  • Cost Audit Meaning Scope Objectives

    Cost Audit – Meaning, Scope, Objectives In exercise of the power conferred upon the government, the Central Government has prescribed separate sets of rules for different industries. In 1968, the Companies Act was again amended empowering the government to order for a cost audit.

  • IAS 16 — Property, Plant and Equipment

    IAS 16 outlines the accounting treatment for most types of property, plant and equipment. Property, plant and equipment is initially measured at its cost, subsequently measured either using a cost or revaluation model, and depreciated so that its depreciable amount is allocated on a systematic basis over its useful life. IAS 16 was reissued in December 2003 and applies to annual periods ...

  • CHAPTER 4 COST OF CONSTRUCTION LABOR AND

    2016-3-26  the cost information tends to be current. As with other forms of cost data, there is a need to adjust for differences in location, etc. - Cost analysis and cost models produced in-house. Depending on the size of an organization, perhaps the most reliable source of cost information, partly due to the

  • Concept of Cost of Production - Definition and

    Concept of Cost of Production: Definition and Meaning: By "Cost of Production" is meant the total sum of money required for the production of a specific quantity of output. In the word of Gulhrie and Wallace: "In Economics, cost of production has a special meaning. It is all of the payments or expenditures necessary to obtain the factors of production of land, labor, capital and management ...

  • Amortized cost — AccountingTools

    The amortized cost concept can be applied to several scenarios in the areas of accounting and finance, which are as follows: Fixed assets.Amortized cost is that accumulated portion of the recorded cost of a fixed asset that has been charged to expense through either depreciation or amortization.Depreciation is used to ratably reduce the cost of a tangible fixed asset, and amortization is used ...

  • Managing Machinery and Equipment - Penn State

    Machinery Cost. Machinery is expensive to own and operate. Purchasing equipment represents a major commitment of capital, which can have a major impact on both the solvency and liquidity of your business. You need to be aware of the costs of owning and operating a particular piece of equipment in order to make the best machinery management ...

  • What is construction cost? definition and meaning ...

    construction cost: Expense incurred by a contractor for labor, material, equipment, financing, services, utilities, etc., plus overheads and contractor's profit. Costs such as that of land, architectural design, consultant and engineer's fee are not construction costs.

  • What is Fixed Cost? definition and meaning - Business

    The concept of fixed cost is associated with the short run since all the costs vary over time, and no cost remains purely fixed for a longer period. It mainly includes the cost of administrative or managerial staff, depreciation of land, building, machinery and other fixed assets, maintenance cost, etc.