The meaning of PRODUCTION COST is the combined total of raw material and direct labor costs and burden incurred in production.
The meaning of CONVERSION COST is the combined total of direct labor cost and burden incurred in processing raw materials to a finished state.
Incurred cost in accrual accounting refers to the expense of the company when an asset is consumed, which the company becomes liable for and may include direct, indirect, production, and operating expenses incurred for running the company's business operations. It also includes all the prior perio...
3. costs Law Charges incurred in bringing litigation, including court fees and charges that may be payable by the losing party, but usually not including attorneys' fees. v. cost, cost·ing, costs v.intr. To require a specified payment, expenditure, effort, or loss: It costs more to ...
Cost Reduction means a saving of the Novo Group's direct costs of labor, energy and material used in the manufacture of Human Insulin by means of an Insulin Organism or Technical Information as compared with such direct costs incurred to manufacture its semi-synthetic Human Insulin as [ * ] ...
The Sunk Cost Fallacy describes our tendency to follow through on an endeavor if we have already invested time, effort, or money into it, whether or not the current costs outweigh the benefits.
Tenant's Costhas the meaning set forth inSection 3.1. Sample 1 Tenant's Costmeans an amountequal tothesum of(a) theBasic Cost, plus (b) five (5%) percent of the Basic Cost for Owner's overhead andexpenses incurredin connection withthe costs andadministration ofsuch submetering. ...
The meaning of PRODUCTION COST is the combined total of raw material and direct labor costs and burden incurred in production.
additional $400 to manufacture one additional bike. Although the average unit cost is $500, the marginal cost for the 1,001st unit is $400. The average and marginal costs may differ because some additional costs (i.e., fixed expenses) may not be incurred as additional units are ...
Flotation costs are incurred by a publicly-traded company when it issues new securities and incurs expenses, such as underwriting fees, legal fees, and registration fees. Companies must consider the impact these fees will have on how much capital they can raise from a new issue. Flotation costs...