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What is meant by the full cost of a product, Basic Statistics
What is meant by the full cost of a product?
Many organizations use the expression top dollars to mean the complete creating or technology cost of a product. To this organization this means a device's cost of components, work, and both diverse and set creating cost. These organizations do not include advertising, control, or attention expenses in their description of the top dollars of a product. Their view is constant with the way that stock and the cost of products marketed are revealed on an organization's financial reviews.
Some organization use the expression top dollars to mean more than a device's creating or technology expenses (including set creating overhead). These organizations use top dollars to mean the creating cost plus a designated aspect of the organization's advertising, control, and attention expenses. These organizations are worried that some items need a larger aspect of advertising and control expenses while other items need a small area. Only when a device's advertising and control expenses are along with the device's creating expenses will they are able to figure out whether each device's rate is adequate or is arranged with its “full cost”.
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Posted Date: 3/31/2012 8:18:04 AM | Location : United States
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