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Q: Give an example of a situation in which the waiting time costs would be based on waiting time in the queue?
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Are marginal costs relevant costs?

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.


What are supply chain costs?

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.


What are the stages of accounting for costs?

direct costs,indirect costs,sunk costs, Activity based costing.


Define functional based cost management systems?

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.


Where can one find more information about sunk costs?

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.


What is conversion costs?

Pricing is based on direct labor and overhead. Materials does not affect pricing. Example: Your customer provides materials used in production.


Which is an example of spillover costs?

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 the use of technology?

what is an example of lower production costs brought about by technology


How much is it to get an ad put on a billboard?

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.


What are the examples of fixed costs?

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


Is paragard free at planned parenthood?

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.