In accounting, a retailer’s product cost is the cost paid to a supplier plus any other costs that are necessary to get the product in place and ready for sale. For example, if a retailer pays $40 to its supplier and then pays $10 to get it delivered to its warehouse, the retailer...
C. The value of what could have been produced instead. D. The value of the resources used in its production. 相关知识点: 试题来源: 解析 C 正确答案:C 解析:opportunity cost机会成本,它的定义是把一定资源投入某一用途后所放弃的在其他用途中所能获得的利益。具体意思见本文最后一段。反馈 收藏 ...
在这个句子中,空缺处需要填入一个以"s"开头的形容词,与"to"搭配,表达产品相较于其他产品的优势。根据后半句"it costs much less"(成本更低)可知,这里应强调产品的"优越性"。从语法角度,"superior to"(优于)是固定搭配,符合语句逻辑。常见类似的形容词还有"inferior"(劣于),但语义相反。其他选项如similar(相...
Let's try to understand better what production costs are and why they matter. Key Features of Production Costs: 1. Raw Materials These are the basic ingredients or components used to make a product. For a car manufacturer, it's steel and rubber. 2. Labor This includes the wages paid to...
its products. (Manufacturing overhead is also referred to as factory overhead, indirect manufacturing costs, and burden.) The product costs of direct materials, direct labor, and manufacturing overhead are also “inventoriable” costs, since these are the necessary costs of manufacturing the ...
Production costs, which are also known as product costs, areincurred by a business when it manufacturesa product or provides a service. These costs include a variety of expenses. For example, manufacturers have production costs related to the raw materials and labor needed to create the product....
Period Costs vs. Product Costs: An Overview Period costs and product costs are two categories of costs for a company that are incurred in producing and selling their product or service. Below, we explain each and how they differ from one another. ...
Profit costs are the cost of items in relation to a company's sales. These costs can be either direct, as in the case of a...
Types of Costs: Stockout Costs:High risk of stockouts if inventory levels are not accurately forecasted, leading to lost sales and potential long-term damage to customer relationships. Holding Costs:Increased holding costs due to storing large quantities of inventory to ensure availability during peak...
These employees can be welders, machinists, painters, or any other person who directly contributes to the production of a product.ExamplePrime costs do not, however, include any indirect costs like factory overhead or administrative expenses. These costs are considered conversion costs because they ...