0
What else can I help you with?
How do you calculate the average cost of a product or service?
To calculate the average cost of a product or service, you add up all the costs associated with producing that product or service and then divide by the total number of units produced. This gives you the average cost per unit.
What is the definition of average cost and how is it calculated in business operations?
Average cost is the total cost of production divided by the number of units produced. It is a measure used in business operations to determine the cost per unit of a product or service. This calculation helps businesses understand their overall cost efficiency and make informed decisions about pricing and production strategies.
What is cost objectives?
Cost objectives determines the cost allocation. It determines the product, service or department that will receive the allocation.
What is the difference between average costs and marginal costs?
This is the economic distinction equivalent to fully absorbed cost of product and variable cost of product. Average cost is total cost divided by number of units. Marginal cost is the cost to produce the next unit (or the last unit
When marginal cost is less than the average total cost the average total cost is falling why?
as a marginal cost is the cost of the next product produced, if this is less than average cost, when you continue to produce more products the lower marginal cost will have an affect on the average and cause it to fall.
How do you calculate the average cost of a product or service?
To calculate the average cost of a product or service, you add up all the costs associated with producing that product or service and then divide by the total number of units produced. This gives you the average cost per unit.
How do you calculate the weighted average cost of a product or service?
To calculate the weighted average cost of a product or service, you multiply the cost of each component by its respective weight, then add up these values and divide by the total weight. This gives you a more accurate average cost that considers the impact of each component on the overall cost.
How do you calculate the weighted average unit cost for a product or service?
To calculate the weighted average unit cost for a product or service, you multiply the quantity of each item by its cost, add up these values, and then divide by the total quantity. This gives a more accurate average cost considering the different prices of items.
What is the definition of average cost and how is it calculated in business operations?
Average cost is the total cost of production divided by the number of units produced. It is a measure used in business operations to determine the cost per unit of a product or service. This calculation helps businesses understand their overall cost efficiency and make informed decisions about pricing and production strategies.
what is the average cost of the product Toshiba REGZA Cinema Series 46XV545U 46 in. 1080p LCD HDTV?
The average cost of this product is about 1,500 USD.
What is the average cost of brake service offered by Sears?
Depending on the type of brake services that is needed, the average cost of the service can be as inexpensive as $150.00, or the cost can rise as high as $1000.00
What is the Average Cost method of inventory valuation?
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
What is cost objectives?
Cost objectives determines the cost allocation. It determines the product, service or department that will receive the allocation.
How do you calculate the moving average cost for a product?
To calculate the moving average cost for a product, you add up the total cost of all units purchased and divide it by the total number of units purchased. This gives you the average cost per unit based on the most recent purchases.
what is the average cost of the product Whirlpool 8171414 Water filter replaces 8171788, WFI NLC200?
The avaerage cost is about $40 for this product.
What is the difference between average costs and marginal costs?
This is the economic distinction equivalent to fully absorbed cost of product and variable cost of product. Average cost is total cost divided by number of units. Marginal cost is the cost to produce the next unit (or the last unit
How do you get a profit of something?
You sell a product or service for more than it cost you to to provide.
