What is meant by the full cost of a product, Basic Statistics

Assignment Help:
What is meant by the full cost of a product?
Many organizations use the expression top dollars to mean the complete creating or technology cost of a product. To this organization this means a device's cost of components, work, and both diverse and set creating cost. These organizations do not include advertising, control, or attention expenses in their description of the top dollars of a product. Their view is constant with the way that stock and the cost of products marketed are revealed on an organization's financial reviews.
Some organization use the expression top dollars to mean more than a device's creating or technology expenses (including set creating overhead). These organizations use top dollars to mean the creating cost plus a designated aspect of the organization's advertising, control, and attention expenses. These organizations are worried that some items need a larger aspect of advertising and control expenses while other items need a small area. Only when a device's advertising and control expenses are along with the device's creating expenses will they are able to figure out whether each device's rate is adequate or is arranged with its “full cost”.
Expertsmind.com offers unique accounting assignment help

Related Discussions:- What is meant by the full cost of a product

The number of degrees of freedom, Use the given information to find the num...

Use the given information to find the number of degrees of? freedom, the critical values chi Subscript Upper L Superscript 2?2L and chi Subscript Upper R Superscript 2?2R?, and the

Analyze data in statistical procedure , Study A                            ...

Study A                                      Study B                       Study C x 2 = 1.683                    F = 7.357                    r = .83 df = 4

Find a strategy which replicates the payoff, Rocco works for an internation...

Rocco works for an international arms dealer who has just publicly listed. What with the world being how it is these days, there's money to be made on more than just selling the to

Statistics is the backbone of decision-making, 1. (a) 'Statistics is the ba...

1. (a) 'Statistics is the backbone of decision-making'. Describe.     (b) 'Statistics is as good as the user'. Describe. 2.  Differentiate between the following with example.

Total stockholders equity, To determine the amount at which inventory shoul...

To determine the amount at which inventory should be reported on the December 31 Year 1 balance sheet, Monroe Company compiles the following information for its inventory of Produc

Correlation coefficient for X and Y, Calculate Correlation coefficient for ...

Calculate Correlation coefficient for X and Y, Statistics Homework • Variable X x • Variable Y y • Calculate: • z-scores for all values in the variables • correlation coefficien

Accounting standards in canada, Accounting Standards in  Canada:  : In...

Accounting Standards in  Canada:  : In 2005, the Accounting Standards Board in Canada promoted the use of IFRS over the use of GAAP. The companies of Canada are supposed to ad

What is Nuclear holocaust, Nuclear holocaust It is the name given to large...

Nuclear holocaust It is the name given to large scale destruction and devastation that would be caused by the use of nuclear weapon. The radioactive waste will hang like a cloud i

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