production cost, selling cost and sundry cost
Because the production manager's salary remains the same, regardless of the production level, this salary is a fixed cost, not a variable cost.
If it varies with the level of production then it is variable cost otherwise it is fixed cost.
Periodic cost is that cost which donot related with production of units and it must be incurred no matter production is done or not like depreciation.
It is not matter of decision by management, direct cost is that cost which is directly related with the production and separately identifiable with production volume while indirect cost is that cost which is not directly related with production volume and not separately identifiable.
Mexico is the world leader in silver production
The Production Budget for Silver Bullet was $7,000,000.
The Production Budget for Silver Medalist was $2,600,000.
Peru has the largest silver production of any country.
cost of production formula
The unlimited production of silver coins will eventually lead to them being invaluable.
production cost, selling cost and sundry cost
cost of production is the amout of money spend on the production of a perticular comodites.
It has a lower opportunity cost for production of that good.
$60
you product the cost
Because the production manager's salary remains the same, regardless of the production level, this salary is a fixed cost, not a variable cost.