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Marginal Cost
Marginal cost is the change in a firm's cost of production. It is related to a unit change in its output, or the added cost of producing the next unit. The marginal cost function can be established by taking the first derivative of the total cost function, and the marginal cost for a unit of production can be getting through substituting that quantity into the marginal cost function.
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Accounting for Job Order Costing - Direct Materials Direct materials (i) Dr Stores ledger control Account Cr Cash Account - for cash purchasers X (ii) D
1. Why are marginal costs increasing? Why are they not always constant? You may give examples in some industries or just state two reasons at least.
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Production of a particular product costs $50 per material, $80 per labour and variable overhead is 75% of labour cost. If the selling price per unit is $230 and fixed cost amounts
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