Define the marginal, total and average profit, Cost Accounting

Assignment Help:

Total profit means the total revenue excluding the total cost of the certain products.

Average profit defines the profit which comes and achieved after selling each unit. Total revenue/quantity is average profit.

Marginal profit defines the extra profit which an organization achieves.

Marginal profit is change in total revenue/change in quantity.

Incrementalism defines the doings and aim which takes little time but it is done in small small steps.

Marginalism defines the additional usage and extra benefit which one has achieved from his incremental changes. It is a very powerful technique to deal with the problems.

 


Related Discussions:- Define the marginal, total and average profit

Multiple products, Multiple Products, Selling Costs, and Margin Management ...

Multiple Products, Selling Costs, and Margin Management Selling charge are oftentimes variable. For instance, a salesperson can be paid a designated percentage of entire sales

Stores layout and location - material handling, Stores layout and location ...

Stores layout and location - Material Handling The layout of stores must ensure as a) For movement of material, ease of access out and in of stores b) The issue of peris

Estimated net income, What will be the cost of Well Water after considering...

What will be the cost of Well Water after considering the financing surrounding the purchase (savings on the loan), Well Water's (net) working capital situation, and the additional

Cost accounting, raw an organization chart of any actual or hypothetical ma...

raw an organization chart of any actual or hypothetical manufacturing organization to show the position of management/cost accounting department within an organization and discuss

Calculate the total net realizable value, Surplus Stores Ltd is a company w...

Surplus Stores Ltd is a company which frequently buy goods in large quantities and makes alterations to the goods before selling. At 31 Dec 2000 the following items were included i

Visual fit method of cost estimation, Visual Fit Method of Cost Estimation ...

Visual Fit Method of Cost Estimation Cost estimation is based on past data regarding the dependent variable and the cost driver. The previous data on cost levels and the outpu

Discuss the various elements of cost, Question 1 Discuss the various eleme...

Question 1 Discuss the various elements of cost Question 2 Explain the various stages involved in the distribution of factory overheads Question 3 Define activity-based

Material, annual usage rs 160000@ 40 per unit, cost of placing and receivin...

annual usage rs 160000@ 40 per unit, cost of placing and receiving one order rs 200:annual carrying cost ; 25% of inventory value

Maginal costing.., fixed expenses are incurred equally in the two half year...

fixed expenses are incurred equally in the two half year periods,calculate

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd