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What are the relationship of carrying cost ordering cost and shortage cost?
The relationship between shortage costs and carrying costs are inverse. The relationship between ordering costs and carrying costs depends on how much the company has on hand as compared to how much they must order. And if shortage costs are high, both other types will also be high.
What is the relationship between trade and opportunity costs?
The relationship between trade offs and opportunity costs is that they both have to do with economics. A person has to make a choice that would have to sacrifice.
What is the relationship between Trade-offs and opportunity costs?
The relationship between trade offs and opportunity costs is that they both have to do with economics. A person has to make a choice that would have to sacrifice.
How are standard costs established?
Standard costs are costs established through identifying an objective relationship between specified inputs and expected outputs.
Discuss the relationship between product and cost curves?
The product establishes the cost curve or the relationship between costs and outputs. Costs are influenced by the need and function of a certain product.
What is the relationship of totals costs to profit?
Total costs is how much you spent on something and profit how much you gained from the investment.
What is the relationship between start up costs and a competitive market?
markets with high start-up costs are less likely to be perfectly competitive.
Relationship between budgets and standard costing?
they both involve the determination of future costs
Relationship between fixed cost and variable cost?
There is a huge relationship between fixed cost and variable cost. These two costs are the opposite of each other.
What is the relationship between direct and indirect costs?
Direct costs: Those costs that are linkedto a specific cost objective like product/service. Indirect costs: Those costs that CANNOT be directly linked to a particular cost objective and incurred for multiple cost objectives. Can also be called Common Cost.
Are sales commissions direct costs?
Sales commission has no relationship with manufacturing of products that’s why it is not a direct cost as direct costs are those costs which related to manufacturing of products like raw material, labor etc.
What is the relationship between trade off and opportunity cost?
The relationship between trade offs and opportunity costs is that they both have to do with Economics. A person has to make a choice that would have to sacrifice.
