Thetotal cost formulais an accounting equation that shows the cost per unit of the quantity that has been produced. It is calculated using two figures: the first figure represents the total production cost, whereas the second figure represents the quantity produced. The total cost of production i...
Typically, the larger a company grows, the lower the unit cost of production becomes. This reduction is a result ofeconomies of scale. Factors such as buying in bulk and spreading the cost of production over a large amount of goods come into play. Of course, the goal is production at the...
Variable cost per unit is costs associated with the production of a good or service that change frequently. Common variable costs...
Variable cost per unit = raw materials cost / total output + direct labor cost / total output = $12,000 / 142,300 + $65,200 / 142,300 = $0.08 + $0.46 = $0.54 The total variable cost is 142,300 x $0.54 = $77,200 Therefore, if the company undertakes the order of 3,000 pack...
The 2% difference is the opportunity cost in this example. A business can manufacture 5,000 units of Product A per business day, or 2,500 units of Product B during the same time period. For every unit of Product B the company manufactures, the same company could manufacture two units of...
What is the inventory carrying cost (cost per unit per year) under the information below: average daily demand 10 units; lead time 2 days; product cost 250 dollar per unit; annual cost of capital 30%; ordering cost 500 dollars; days per year 250 相关知识点: 试题来源: 解析 75 反馈...
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The sunk cost fallacy is a psychological barrier that ties people to unsuccessful endeavors simply because they've committed resources to it. 沉没成本谬误是一种心理障碍,它将人们与不成功的努力联系起来,仅仅是因为他们已经投入了资源。 Examples of sunk costs include salaries, insurance, rent, nonrefundab...
Competitive bidding for goods generally requires that suppliers submit proposals that detail the per-unit price of the item, along with shipping and delivery terms. In the case of services, proposals can involve the numbers of individuals who would work on a project, the type of technical support...
Cost per Unit:Cost to produce or purchase each unit. Example: If recorded inventory is 1,000 units, actual inventory is 950 units, and cost per unit is $10: Shrinkage Cost = (1,000 - 950) × 10 = $500 5. Carrying Costs Carrying costs are the total of all expenses associated with...