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.
What are Direct expanses These are expanses which can be directly, conveniently and wholly allocated to a specific cost centres or cost units examples of such expanses are hir
Each company must establish its own credit policy based on the ground condition and the environment wherein it is operating. The major goal of the credit policy is to stimulate sal
After determining the amount of working capital as in above, a specific amount say 5 percent or 10 percent may be added to cover contingencies. This is to be noted that facts depen
SENSITIVITY ANALYSIS OF EOQ MODEL Sensitivity Analysis is regarded with the manner in which those results of solutions change in response to change in model parameters.
Explains how activity –based techniques can be used to improve performance
Cash management is related along with the management of: Cash outflows and inflows of the firm Cash flows inside the firm Cash balances as financing deficit and inve
Full Service Non Recourse: in this method the book debts are purchased through the factor assuming 100 percent credit risk. In case of default through the debtor the whole risk is
EOQ Model with quantity discounts Circumstances frequently occur where firms are able to obtain quantity discounts for large purchase orders. Buying in bulkiness has some merit
Markov Chains: Markov Chains are named after the Russian statistician A.A Markov who developed probabilistic models that are often applicable to decision making problems in bu
Phases of product life cycle The life cycle of a product having of four phases viz., introduction growth maturity decline during introduction phase a product is launched into
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