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what is an example of lower production costs brought about by technology
Prices for crops decreased, and costs for farmers increased
Not being ordered to pay court costs by waiting for them to do it. see links below
it assigns costs based on the price elasticity of demand. het higher the elasticity (elastic), the lower the charge of fixed costs when allocated amongst products.
The focus for control is shifted away from the financial measurement of resources to activities that cause costs to be incurred.
it costs money there is no app for this item
If marginal costs are relevant for specific situation or specific decision making scenario then marginal costs are relevant costs otherwise marginal costs can be irrelevant.
Supply chain costs are operating costs associated with business functions related to the procurement, manufacturing and distribution of a product. On the contrary, costs associated with overhead functions, sales, promotion and marketing are not considered supply chain costs. The term is not strictly defined and definitions may vary by industry and situation. For example, delivery costs are sometimes classified as sales costs, rather than supply chain costs.
direct costs,indirect costs,sunk costs, Activity based costing.
Functional-based costing considers total expenses incurred at all levels. Functional-based cost budgets for departments, for example, will include costs incurred by every activity performed in that department. In functional-based costing, accountants assign fixed costs such as manufacturing overhead to output on a per-unit basis.
Sunk costs are costs that have been expended in an investment or enterprise which cannot be recovered. People often make decisions based on sunk costs. This leads to poor decisions, such as not selling out of a falling situation early enough, or persisting with an expensive but broken software package. A good run down on the problems of sunk costs is available in the Wikipedia article.
Pricing is based on direct labor and overhead. Materials does not affect pricing. Example: Your customer provides materials used in production.
An example of spillover costs includes production costs passed to a third party without any form of compensation.
what is an example of lower production costs brought about by technology
More often then not, it costs roughly $2500 month for a single billboard sign. However, based on the economic situation of an area, a billboard can cost $700-$2500 a month.
Fixed Costs are expenses that don't change based on production or sales volumes. They include salaries, rent, insurance, accountancy costs. Variable Costs are expenses that vary based on production volumes. They include material, labor, utilities, and delivery costs
Planned Parenthood health centers generally provide services with costs based on income. Depending on your location, you may be able to get Paragard at no fee with costs paid by grants, government programs, or insurance. Contact your local health center for advice specific to your situation.