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Which term is defined as a government supports or pays part of the cost of production?
Wiki User
∙ 7y ago
subsidization
Wiki User
∙ 7y ago
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What is production cost in cost accounting?
COST OF PRODUCTION IN ACCOUNTING: is defined as the amount spent in the converting of raw material into finished goods. in the manufacturing account is calculated by Add:opening stock of ram material :purchase +carriage inward -return outward=cost of goods available-closing stock=cost of sales +prime cost+factory overhead+net work in progress=cost of production
Marginal cost can be defined as the?
The cost of increasing the production by one unit. Mathematically, this can be derived as the derivative of the total costs with respect to quantity i.e. dc(q)/dq, where c(q) is the cost function and q is quantity.
Different types of costs of production?
production cost, selling cost and sundry cost
Is the production manager's salary is an example of variable 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.
Is sales promotion cost a variable cost?
If it varies with the level of production then it is variable cost otherwise it is fixed cost.
Which term is defined as a government supports or pays part of the cost or production?
subsidization
Which term is defined as a government supporters or pays part of the cost of production?
subsidization
Which term is defined as a government support or pays part of the cost of production?
subsidization
A government payment that supports a business or a market is?
A Subsidy.
What is production cost in cost accounting?
COST OF PRODUCTION IN ACCOUNTING: is defined as the amount spent in the converting of raw material into finished goods. in the manufacturing account is calculated by Add:opening stock of ram material :purchase +carriage inward -return outward=cost of goods available-closing stock=cost of sales +prime cost+factory overhead+net work in progress=cost of production
Which statement describes an opportunity cost that could result from the government regulating businesses?
Government regulations can lead to an increase in production costs.
Marginal cost can be defined as the?
The cost of increasing the production by one unit. Mathematically, this can be derived as the derivative of the total costs with respect to quantity i.e. dc(q)/dq, where c(q) is the cost function and q is quantity.
Production cost formula?
cost of production formula
Different types of costs of production?
production cost, selling cost and sundry cost
What is meant by cost of production?
cost of production is the amout of money spend on the production of a perticular comodites.
What is the definition of classical theory of production?
The definition of the classical theory of production is defined by Adam Smith and involves 3 factors of production; land, labor, and capital. With the passage of time the size of the market will increase, which will lead to both internal and external economies of scale, which will eventually lower down the cost of production.
What is one country of comparative advantage in the production of a certain good?
It has a lower opportunity cost for production of that good.
