Arizonaâs Cattle Community. Like mining, cattle ranching brought people to Arizona. Also like mining, it is an industry that must constantly adapt to a changing environment and limited resources.Cattle ranching is now about half what it was during its peak, but this Arizona C remains a large source of revenue.rizonaâs Cattle Community. Like mining, cattle ranching brought people to Arizona. Also like mining, it is an industry that must constantly adapt to a changing environment and limited resources.
Burden Costs. Burden costs are the costs for the plant that are not included in direct labor or material costs. These costs are often the largest cost for a product. Allocation of these costs to the product is often done incorrectly. These costs include: Indirect labor costs.
Standard Cost. A standard cost is an estimated expense that normally occurs during the production of a product or performance of a service. In other words, this is theoretically the amount of money a company will have to spend to produce a product or perform a service under normal conditions. Standard costs are sometimes referred to as preset costs because they are estimated based on statistics and management s experience. Basically, management calculates how much each step in the production process should cost based on the market value of goods, median wages paid per employee, and average utility rates.