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One uses absorption costing taking into account direct and indirect materials labour and overhead.
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Why do opportunity cost increase as society produces more of a good?
Because when one produces one product, the opportunity cost of the other product increases. The concave represents the increasing opportunity cost with the production of a good.
How can you generate prices for goods and services?
There are a number of ways. Firstly you need as does any business to know what it costs the business to product a product or deliver a service. All business have overheads (costs) These will (for the example here) be the cost of the utilise such as heating, lighting and water. The cost of man-power, the cost of the raw materials to make the product, the machinery required to make the product to the point where its ready for the customer to buy. You will need to include the cost of transporting to the customer, the packaging to hold the product and even the cost of the space required to store the product ready for delivery. Then you need to look at the administration of the business, telephone charges, line rentals, computers and monitors, printers and their inks, envelopes and paper for billing, postage charges and the software needed to maintain this like word processors, databases and of course you'll need to cost in accountancy packages and people to use these. Its a considerable amount of work figurug this out. But is is vital as you need to know what costs you have to cover to make just t the one item. Then you can start to work out what the company needs to operate you can start to look at what you are going to sell. You need in the first stages to work out the "making" or production process of the product time and materials need to make the one and then you can ascertain what the break even cost is and then add in a % for profit margin Selling a service is similar Whilst this seems a huge piece of work it is actually what every new business needs to do to get a cost factor accuratley in palce. You can, if you have a "competitor" selling the same service or product find out what they charge and start at that poin but you will still need to be mindful of what its costs YOU do make or provide a product/service. The leaner you can work and keep cost down (because youve looked at your running cost) the more cometitive you can be.
Product cost cross subsidization can result in?
At least one miscosted product causes other products to be miscosted in the organization.
What is the extra satisfaction a consumer gets by purchasing one more unit of a product?
Unit cost
What is law of increasing opportunity cost?
The law of increasing opportunity costs states that as production of a product increases, the cost to produce an additional unit of that product increases as well. (Some resources are specialized to only effeciently produce one product so using those specialized resources on a different product is inefficient)
Where can i buy turtle beach x12 and for what cost?
You can buy one off of the website, http://www.turtlebeach.com/product-detail/xbox-headsets/ear-force-x12/56. It will cost you $59.99 but I suggest it as it is worth it.
What is cost acconting?
Cost accounting is the process of calculating cost price of one single unit of product manufactured on the bases of which selling price of product is established.
Is oceano and sons strategy one of product differentiation or cost leadership?
product differentiation
What is is the cost of 1 KWh of gas?
A kilowatt hour is a unit of work or energy, and the product of power in kilowatts and time in hours. So, for example, it can be the work done, at a rate of one kilowatt, over a period of one hour.
Why do opportunity cost increase as society produces more of a good?
Because when one produces one product, the opportunity cost of the other product increases. The concave represents the increasing opportunity cost with the production of a good.
Where can one find more information about the scuba pro product?
The best place to find information about the Scuba Pro product is on the official site. There, one will find lots of information about their products in detail.
What is unit cost and total cost?
Unit Cost: It is the cost utilized to manufacture one unit of product Total Cost: It is the cost utilized to manufacture specific volume/ number of units of product Example: 10000 cost spent on production of 1000 units of product so 10000 is a total cost & 10000/1000 = 10 is a unit cost
What is accont?
Cost accounting is the process of calculating cost price of one single unit of product manufactured on the bases of which selling price of product is established.
Difference between inrimental cost and variable Cost?
Variable cost is that cost which changes with level of production while incremental cost is that extra cost which increased due to change in alternative products or from selecting one product to another product.
What is meant by marginal cost?
Marginal product is the result of an additional output of production. An example is adding an hour to an employeeâ??s work schedule to produce 100 more cookies. Marginal cost is the cost associated with producing an additional output. An example is paying an employee the overtime rate per hour for producing 100 more cookies.
How do you estimate the product by 26254 and shown work?
You cannot have a product of only one number!
How much does francium cost for one gram?
Francium is not a commercial product.
