What Does EST Mean?

The origin of the word/phrase “est” in the context provided is not clear. It is possible that “est” is simply an abbreviation or acronym for “Eastern Standard Time” or “estimated,” as mentioned earlier. However, without further information or evidence, it is difficult to determine if “est” is a derived word or a popular typo of […]

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How to Reduce Maintenance Costs the Right Way

If plants are completely different, it would be absurd to try to compare the maintenance costs. A coal mine will have very different maintenance costs compared to an electronics factory. If the reference period method of accrual is used, the holiday pay irregular hour workers and part-year workers receive will be their average pay over […]

Accounting for repair and maintenance costs

The proportion of fixed versus variable costs that a company incurs (and how they’re allocated) can depend on its industry. Fixed costs are allocated in the indirect expense section of the income statement, which leads to operating profit. Depreciation is a common fixed expense that is recorded as an indirect expense. Companies create a depreciation […]