An algorithm that finds the five least-cost sequences for scheduling military personnel through a series of courses where the costs incurred are transportation costs. The algorithm adapts the implicit enumeration approach of integer programming to this pipeline flow problem and will require at least [(n - 2.8)n]' fewer computations than total enumeration, where [n] is the number of courses. It can also be used to determine the least-costsequences when mixed travel modes are involved.
Average Cost Method: Under this method average cost is calculated by following farmula:Average cost of unit= Total cost of inventory / total number of units
depreciation is classed as a fixed cost when using only the straight line method. reducing balancing method is classed as a variable cost.
We can calculate using following methods 1 - High-Low method 2 - Regression analysis method 3 - Graphical method
1. Following are the methods to find fixed and variable costs if sales and cost is provided: 1 - High Low Method 2 - Scattered Diagram method 3 - Regression analysis method
LIFO (Last in First Out) method is the method which charge the most recent prices to cost of goods manufactured and sold statement.
Total Cost
the least-cost production method will have to be used. If any other method were used, firms would be sacrificing potential profit. Any firm that fails to employ the least-cost technique will find that other firms can undercut its price.
North west Corner Rule,Least Cost method ,Vogel's Approximation method(verification by Modi method,Stepping Stone Method)
"Least Cubic Method" Also called "Generalized the Least Square Method", is new Method of data regression.
Generalized Least Square Method also called Least Cubic Method
High and low method is the method for separating fixed cost and variable cost from mixed cost.
The fact that the high-low method uses only two data points is a major defect of the method.
Generalized Least Square Method also called Least Cubic Method
Average Cost Method: Under this method average cost is calculated by following farmula:Average cost of unit= Total cost of inventory / total number of units
You could order it and get the initial 1st month free. (At least I think they still do that)
cost of production report lifo method fifo method
depreciation is classed as a fixed cost when using only the straight line method. reducing balancing method is classed as a variable cost.