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

Accounting, How does skewness affect different areas of accounting?

How does skewness affect different areas of accounting?

Introduction of management accounting, Introduction of Management Accountin...

Introduction of Management Accounting Management accounting or managing sales is worried with the conditions and use of sales details to professionals within companies, to off

Statistis, Mention the characteristics of Statistics. Explain any two appli...

Mention the characteristics of Statistics. Explain any two applications of Statistics.

Fluid mechanics, Find the kinematic and dynamic viscosities of air at a tem...

Find the kinematic and dynamic viscosities of air at a temperature of 189°F and a pressure of 29 psia using Sutherland''s equation and the ideal gas law .

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