The average cost of production, Cost Accounting

Distinguish between, 

   (i)  short-run variable costs & long-run variable costs, and give an example of each one;

  (ii)  the marginal cost &  the average cost of production, and explain  the conditions likely to cause such costs to vary. 

 (b)  Describe how long-run variable production costs are allocated to cost units in traditional costing methods. In what ways are modern manufacturing methods building this approach less relevant?


Posted Date: 3/18/2013 6:03:23 AM | Location : United States

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