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Explain Administration cost and Pre production costs
Administration cost:
The cost of formulating policy, directing the organization and controlling the operating of an undertaking which is not related directly to a product or a service constitute administration costs.
Pre production costs:
There are those costs which are incurred on making a trial production run prior to the formal production.
Marketing refers to the promotion of products, especially advertising and branding. But marketing includes product management, pricing, prom
Advantage of relevant cost
monetaryor non monetary which will arise as aresult of implemenntinng the project
What is the objective of performance budgeting The objectives of performance budgets is to provide a closer linkage between planning and action and also to provide a common bas
If a company creates sales to a number of customers on credit terms this will have to wait for two or still three months before its debtors pay that they owe. It means that the deb
Firms need cash to invest in inventory, receivables and fixed assets and to create payments for operating expenses, so as to increase earnings and sales and make sure the smooth ru
Advantages and Limitations of Dynamic Programming Advantages: (1) In certain types of problems such as inventory control management, Chemical Engineering design, dynamic
Application of Transportation Model In the direct logic, the transportation model looks for the determination of a transportation plan of a particular commodity from a number o
whats a zero sum game
Total inventory costs formula Total inventory costs will be as follows: Total inventory costs = Purchase price cost + carrying costs + stock-out cost + order costs. Tota
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