the price of the toolThe justification of reducing the cost of engineering products production based on the use of modern machine tools and instruments is analysed. A new theoretical approach to the determination of the cost of machine parts processing, considering interrelated major cost items: ...
Ji, X 2003, `Concepts of cost and profit in Chinese agricultural treatises: With special reference to Shengshi Nongshu and Pu Nongshu in the seventeenth century', Accounting, Business & Financial History, vol. 13, no. 1, pp. 69-81....
The difference between the "production value of labor force" (that is, "real cost of labor for producer") and the "real consumer value of labor force" (that is, "real cost of labor for employee" as a consumer of goods and services) is justified. Differences in cost of labor indicators...
The manufacturing cost includes all the production costs except the direct material and the direct wage in the production cost of the product, mainly including the enterprise (workshop and branch) all expenses incurred in the organization and management of production. The occurrence of fixed assets ...
7. Elasticity of Cost ADVERTISEMENTS: 8. Elasticity of Productivity Cost concepts: Costs are very important in business decision-making. Cost of production provides the floor to pricing. It helps managers to take correct decisions, such as what price to quote, whether to place a pa...
plan, there is always a certain difference between the allocated manufacturing expenses and the actual amount, which is not to be taken at the end of this month It is accumulated monthly, and adjusted at the end of the year to be included in the production cost of the product in December...
64) Which of the following would most likely NOT be included as manufacturing overhead in a furniture factory? A) The cost of the glue in a chair. B) The amount paid to the individual who stains a chair. C) The workman's compensation insurance of the supervisor who oversees production....
IPM, IWM, and INM are the well-developed modern concepts which not only reduce the cost of production but also mitigate the emission of greenhouse gases. For sustainable cotton production, implementation of these modern concepts is crucial so that the human beings will get benefits in the future...
The concept of costs and benefits is applicable to other decisions that are not related to financial transactions. University students perform cost-benefit analyses on a daily basis by choosing to focus on certain courses that they've deemed more important for their success. Sometimes this even mea...
OPPORTUNITY COST is the next best alternative given up by choosing another item. DIVISION OF LABOUR is when the production process is slipt up into different tasks and each worker performs one of these tasks. It is also known as SPECIALISATION. BUSINESS bines factors of production to make produc...