15. Mindanao, Ine, made the following expenditures relating to Product M: *Legal costs to file patent on Product M, P20,000, Production of the finished product would not have been undertaken without the patent. *Special equipment to be used for the development of Product M, P120,000. The equipment can be used only for Product M. Estimated useful life is four(4) years. *Labor and material costs incurred in producing a prototype model, P400,000. *Cost of testing the prototype, P160,000, What is the total amount of costs that will be expensed when incurred?

Google has many types of costs. What is an out-of-pocket cost? What is an opportunity cost? Are opportunity costs recorded in the accounting records?

1. What is the definition of cost and explain? thank you! Please include the reference if it's okay...

Define the Cost Pool, Cost Object and Cost Driver. Please help me I really need the answer, clear explanation please, thank you!

estion 2 Which of the following way of cost assignment used to assign accumulated cost with an indirect relationship to a cost object? Cost allocation Cost tracing Cost accumulation Cost assignment

Explain whether the organization would produce the information when the expected costs is higher than the benefit and if so give some examples.

Define cost pool, cost object and cost driver and explain. Thank you in advance!

Explain an example of journal entry for the transfer in costs.