0
Target Costing:
It is the costing process in which company tries to reduces all costs of product to limit the selling price at specific targeted selling price.
Cost Plus pricing:
It is pricing method in which company uses all costs plus certain percentage of that cost as a profit margin to set selling price.
What else can I help you with?
What is the difference between pricing inventory and valuation inventory?
in fact there is no diff.
What is contribution margin pricing?
Contribution margin pricing means to follow the contribution margin costing process to allocate price to units or production units.
Does a company's costing method have any effect on its pricing decisions?
u from ntu doing bu8101 seminar 9?
What are the topics covered in management accounting?
Objective: This course aims at introducing the student to how useful accounting information is prepared, and how it is effectively used, for the purpose of decision-making.Course content: Overview and introduction to management accounting Cost Concepts, Classifications, Terminology and behavior, Job costing and Activity Based Costing, inventory Costing and Capacity Analysis, Cost-Volume-Profit Analysis, Short-term Decision-Making and Relevant Costing, Long-term Decision Making, Pricing Decisions, Master Budget and Flexible Budgeting and variance analysis.
Why might a consulting firm use noraml costing system rather than actual costing system?
A consulting firm might use a normal costing system instead of an actual costing system primarily for ease of budgeting and forecasting. Normal costing allows the firm to apply overhead costs based on a predetermined rate, which simplifies the allocation process and provides more timely financial information. This approach also helps in managing cash flow and maintaining consistent pricing strategies, as actual costs can fluctuate significantly based on project demands. Additionally, normal costing can facilitate performance evaluation by providing a stable basis for comparing projected versus actual results.
What is the difference between GAAP costing and IFRS costing?
There are several costing items that has change in the adoption of IFRS, for in GAAP the stock valuation or material pricing adopted is LIFO and FIFO but in IFRS only FIFO is adopted etc
What is the difference between pricing inventory and valuation inventory?
in fact there is no diff.
What term is there for a difference between Bid and Ask pricing measured in pips?
Measured in pips, spread is the term used for a difference between bid and ask pricing. This is the cost of an order placement for a trader.
What is contribution pricing?
Contribution margin pricing means to follow the contribution margin costing process to allocate price to units or production units.
What is contribution margin pricing?
Contribution margin pricing means to follow the contribution margin costing process to allocate price to units or production units.
What is the difference in Net and gross pricing in construction?
What is the difference in Net and gross pricing in construction?
What are the uses of standard costing?
Standard costing is for improving cost /cost control, simplify stock valuation and improving costing and pricing of products. Can be applied to jobs, operations, processes and department and are used in manufacturing, engineering, processing and service industries.
Does a company's costing method have any effect on its pricing decisions?
u from ntu doing bu8101 seminar 9?
What has the author James Salvate written?
James Salvate has written: 'Profit costing and pricing for services' -- subject(s): Costs, Industrial, Industrial Costs, Management, Pricing, Small business
What is asset pricing?
Asset pricing pinpoints what an item is worth. This is done in most major retail stores and will usually show in the difference in price between two of the seemingly the same items.
Difference between skimming pricing and penetration pricing?
skimming pricing is for new or innovative product, the price at the begining is high and customers are not price sensitive. penetration pricing set a low price at the begining to gain a mass market, and the price will rise later. The customers are price sensitive.
Is there a difference in pricing between satellite and cable Tv?
The 2 industries are very competitive,they are constant proce wars going on.
