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Cost is determined by calculating all expenses related to producing a product or providing a service, including materials, labor, and overhead costs. These costs are then used to establish the selling price of the product or service to ensure a profit margin. Various costing methods, such as job order costing or activity-based costing, can be used to determine costs accurately.

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1y ago

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How is target cost determined?

Target cost is determined by subtracting the desired profit margin from the target selling price. By understanding customer needs and competition, a company can set a competitive selling price. This allows the company to then calculate the target cost by subtracting the profit margin from the selling price.


The funtion of a cell is determined by its?

The function of a cell is determined by its primary structure.


What is the cost of the damage from the earthquake in Haiti?

The exact cost of the damage from the earthquake in Haiti is not yet fully determined. However, it is estimated to be in the billions of dollars, given the widespread destruction of infrastructure, homes, and livelihoods. International humanitarian aid and support will be crucial in the recovery and rebuilding efforts.


What does does determined mean?

The adjective determined means devoted or dedicated to a cause or activity.(e.g. He was determined to succeed. / They were fighting a determined enemy.)The past tense determined (verb "to determine") can mean:* discovered by experiment or analysis(e.g. They determined the cause of the spill.)* had been set, established, or fixed(e.g. Production was determined by the demand.)


What is the Cost to paint a room in square feet?

The cost to paint a room is typically determined by the square footage of the walls to be painted. On average, the cost can range from $1 to $4 per square foot, depending on factors such as the type of paint, the complexity of the job, and the location. It's best to get quotes from multiple painters to find the best price for your specific project.