The main difference in a cost-plus versus a fixed price contract is the budget. Cost-plus contracts have no set spending limit, the contractor purchases the materials and receives reimbursement plus a fee. Fixed-pricing sets a specific dollar amount for a project. Benefits Cost-plus contracts u...
71 The difference value between Budgeted Cost for work Performed and Actual Cost for Work Performed is( ). A.Cost Variance B.Schedule Variance C.Earned Value D.Cost Performed Index 免费查看参考答案及解析 题目: [选择题] 13 The most striking phonetic difference between American and Briti...
“Watch the costs, and the profits will take care of themselves” -Andrew Carnegie The Difference Between Fixed Cost vs. Variable Cost This is why having an in-depth understanding of your costs is important not only for purposes of accounting but also for ensuring the success of your business...
Costs typically refer to the price paid to a producer or seller for a product you need. These costs can be fixed (consistent) or variable (fluctuating based on your sales volume, market conditions, or something else). Note The termcost of goods soldrefers to the calculation done at the en...
Briefly explain the difference between fixed cost and variable cost. Provide an example of each. 2.Briefly discuss marginal costs, including an explanation of how they are calculated; any condition that is typical to them, and what makes knowing th...
Price A cost or payment associated with a particular action or event. They say the price of success is hard work. 1 Amount A principal sum, plus any interest. The final amount due on the loan has been paid. 2 Price A price is the (usually not negative) quantity of payment or compensa...
What is the difference between money cost and opportunity cost? What is the difference between marked price and cost price? What is the difference between fixed cost and variable cost? What is the difference between accounting costs and economic costs? What is the difference between fixed and ...
Gross margin is the difference between sales revenue and cost of goods sold. a. True. b. False. Income Statement: An income statement, also known as a profit and loss statement or P&L, is a financial statement used in accounting that details the sales and costs...
Fixed costs, total fixed costs, and variable costs all sound similar, but there are significant differences between the three. The main difference is thatfixed costsdo not account for the number of goods or services a company produces whilevariable costsand total fixed costs depend primarily on...
Afixed-rate mortgagehas an interest rate that remains unchanged throughout the loan's term. So, your payments will remain the same each month. (However, the proportion of the principal and interest will change). The fact that payments remain the same provides predictability, which makes budgetin...