Cost Concepts - www.it-workss.com

Jul 21, 2021

30 likes | 40 Views

Share Presentation

Embed Code

Link

varun

Download Presentation

Cost Concepts - www.it-workss.com

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

Cost Concepts in Economics

852 views • 30 slides

Cost terms, Concepts and Classifications

Cost terms, Concepts and Classifications. Topic Two by Dr. Ong Tze San tzesan@econ.upm.edu.my. Variable and Fixed Cost. Variable cost is a cost that varies in total in direct proportion to changes in activity.

594 views • 9 slides

Cost Concepts and Cost Allocation

Cost Concepts and Cost Allocation. 2 . Cost Information. OBJECTIVE 1: Explain how managers classify costs and how they use these cost classifications. Figure 1: Overview of Cost Classifications. Table 1: Examples of Cost Classifications for a Candy Manufacturer. Cost Information.

795 views • 57 slides

Cost Management Concepts and Cost Behavior

Cost Management Concepts and Cost Behavior. Chapter 2. What Does Cost Mean?. There is no single definition of cost Costs are developed and used for some specific purpose The way the cost is to be used will define the way it should be computed

1.11k views • 55 slides

Cost concepts, Cost Classification and Estimation

Cost concepts, Cost Classification and Estimation. By Ghanendra Fago. Cost Concepts. Cost refers the amount of expenses spent to generate product or services. Cost refers expenditure that may be actual or nominal expenses incurred to generate output.

1.06k views • 41 slides

Some Additional Cost Concepts

Some Additional Cost Concepts. The author suggests that a good function to represent total cost has the general form TC = f + aQ + bQ^2 + cQ^3, Where the key ^ means raise to power, f represents fixed cost, Q represents the level of output that can vary, and

337 views • 7 slides

Cost Concepts

Cost Concepts. EA Session 6 July 12, 2007 Prof. Samar K. Datta. Overview. Cost concepts Economic/opportunity cost vs. accounting cost Fixed vs. sunk cost Notion of opportunity cost elaborated thro’ Classical Trade Theory (from handout). Costs of Production.

638 views • 19 slides

Ch3: Cost Concepts

Ch3: Cost Concepts. Joseph Bao Stanley Htun Stanley Chan Sarah Lehman. Case 3.1 – The Cappuccino Express Question 1: What is the Competitive Strategy of Vincent’s business?. According to Michael Porter, there are three generic competitive strategies

436 views • 15 slides