Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Types of Costs
In short run, costs can be of three general kinds:
Fixed Cost: Total fixed costs stay constant as volume differs in the relevant range of production. Fixed cost per unit reduces as the cost is spread above a rising number of units. Illustration comprise: Fire insurance, facility rent, reduction, and property taxes.
Variable Cost: Variable cost per unit stays constant no matter how many units are prepared in the relevant range of production. Total variable cost rises since the number of unit rises. Illustration comprise: Production material and labor. Whenever no units are made, neither cost is essential or acquired. Though, each unit produced needs production material and labor.
Semi-variable Cost: Semi-variable costs involve both fixed and variable cost elements. Costs might rise in steps or rise relatively smoothly from a fixed base. Illustrations comprise: Supervision and utilities, like electricity, gas, and telephone. Supervision costs tend to rise in steps as a supervisor's span of control is reached. Utilities usually have a minimum service fee, with costs rising relatively smoothly as more of the utility is employed.
Explain the External factors of pricing decisions 1) Demand: the market demand for a product or service obviously has big impact on pricing. Since demand is affected by fact
Q. Show the Pricing during market growth? Pricing during market growth: in the growth stage there is steep rise in the turnover of the company. As prices of new competitors
This is a most familiar form of medium term financing in obtaining plant and vehicles, machinery etc. In hire purchase transactions, the purchaser of goods will obtain the possessi
Echeverria SA is an Argentinian manufacturing company whose total factory overhead costs fluctuate somewhat from year to year according to the number of machine-hours worked in its
Ross White's machine shop uses 2,500 brackets during the course of a year, and this usage is relatively constant by the year. These brackets are purchased from a supplier 100 miles
Adm2341 manufactures and sells four different products. The following data are extracted from the most recent financial statements: Products
Explain Indirect expanses: These are expanses which can't be directly conveniently and wholly allocated to a specific cost centres or cost units examples of such expanses are h
Accounts Payable Turnover Ratio is a short-term liquidity measure which is used to calculate the rate at which a company pays off its suppliers. Accounts payable turnover ratio is
Cost Analysis purposes For purposes of cost analysis, the desegregation of the generic value chain into individual value activities should reflect three principles that are not
Cost-Volume-Profit assumptions The main assumptions required in C-V-P analysis are: 1) The relationship holds merely within the appropriate range. The relevant range is a ba
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd