Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Active Tutors
Asked Questions
Answered Questions
explain out of pocket costa cost which will have to be paid to outsides as against cross such as depreciation which do not require any cash payment
replacement costit is the cost of replacing a material or asset by purchase from the current marketif an x material was originally purchased rs 250
determine the inputted cost it is hypothetical cost required to be considered to make costs comparable it is the owner of the factory charges rent of
state the opportunity costthe net selling price rental value or transfer value which could be obtained at a point in time if a particular asset or
what is sunk cost a cost has been incurred in the past or sunk in the past and is not relevant to the particular decision making is a sunk costif it
explain the shut down cost a cost which will be still be required to be incurred even though a plant is closed or shut down for a temporary
difference between direct labour and indirect labourdirect labour-labour which plays an active and direct part in the production of a particular
elements of cost1 material the substance from which the product is made is known as material it may be in a raw or a manufactured state it can be
state overhead expenses it is to be noted that the term overheard has a wider meaning than the term indirect expanses overheads include the cost of
what are direct expanses these are expanses which can be directly conveniently and wholly allocated to a specific cost centres or cost units examples
explain indirect expansesthese are expanses which cant be directly conveniently and wholly allocated to a specific cost centres or cost units
explain about office and administrative expensesthese expenses are not related to factory but they pertain to the management and administration of
what are selling and distribution expensesselling and distribution expenses incurred for the marketing of a commodity for securing orders for the
explain about cost centremeaning amp definition cost centre is defined as a location person or item of equipment or group of them in respect which
explain the main purpose of cost centrethe main purpose of cost centre is two fields1 recovery of cost costs are collected classified into two field
determine the tyoes of cost centrecost centre can be of two kinds1 impersonal cost centre consisting of a location or item of equipment or group of
what is cost unitwhile the cost centres assists in ascertaining costs by location person equipment operation or process cost unit is a unit of
pricing decisionprice may be defined as the exchange of goods or services in terms of money without price firm can survive in the society if money is
pricing is a problem in four general types of situations1 when the firm develops or introduces a new product and it is fix the price of the product
introduction to pricing decision a pricing decision is one of the most crucial and difficult decision that a firm has to make it is one of the most
price sensitivitynagle has identified nine factors that contribute to price sensitivity and has also presents various methods or techniques to
determine the internal factors of pricing decision1 organization factor pricing decision occur on two level in the organization overall price
explain the external factors of pricing decisions 1 demand the market demand for a product or service obviously has big impact on pricing since
determine the price determination process1 estimating the demand for the product the first step in determining the price of a new product is to
cost oriental pricing policycost of production of a product is the most important variable and most important determinant of its pricethere may type