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| | Cost accounting - Wikipedia, the free encyclopedia |
 | | Cost accounting is the process of tracking, recording and analyzing costs associated with the activity of an organization, where cost is defined as 'required time or resources'. | | | The use of activity-based costing to manage a business is called activity-based management. | | | Standard costing took the idea further, by dividing the fixed costs by the number of items produced, and treating the result as if it were a variable cost. |
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http://en.wikipedia.org/wiki/Cost_accounting
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| | Economics Interactive Tutorial: Cost Concepts |
| | Total cost is not the cost per item. | | | The variable cost is that portion of total cost that varies when the rate of output varies. | | | Sound appletWhich costs are fixed and which costs are variable depends on your time horizon. |
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http://hadm.sph.sc.edu/COURSES/ECON/Cost/Cost.html
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| | Cost |
| | Variable cost equals total cost minus fixed cost. | | | The fixed cost is the total cost of being open but producing 0. | | | Marginal cost is the additional cost of producing one more. |
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http://hadm.sph.sc.edu/Courses/Econ/Classes/Cost/intro/cost.html
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| | Defense Procurement and Acquisition Policy - Contract Pricing Reference Guide |
| | Total cost is a semivariable cost-some costs are fixed, some costs are variable, and others are semivariable. | | | Any change in total cost is the result of a change in total variable cost. | | | If you know that fixed costs are $500, variable cost per unit is $10, and the volume produced is 1,000 units, you can calculate the total cost of production. |
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http://www.acq.osd.mil/dpap/contractpricing/vol2chap2.htm
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| | Variable cost - definition of Variable cost in Encyclopedia |
| | Variable costs are expenses that change in direct proportion to the activity of a business. | | | Variable cost - definition of Variable cost in Encyclopedia | | | There are many expense categories in business that consist of both fixed and variable components, like electricity. |
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http://encyclopedia.laborlawtalk.com/Variable_cost
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| | Fixed cost vs Variable cost |
| | what is the irrelevant in measuring and reporting fixed cost and variable cost? |
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http://www.doctorhomework.com/er/erforum/0000026e.htm
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| | CHAPTER 7 |
| | With constant average variable cost, marginal cost is equal to average variable cost, $53 (or $530,000). | | | Average total cost is the sum of average variable cost and average fixed cost: | | | Marginal costs are constant and average costs will decrease as quantity increases (due to the fixed cost of capital). |
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http://www.coloradocollege.edu/DEPT/EC/Smith/EC2070102/chap_07answers.htm
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| | [No title] |
| | The total variable cost (variable cost per unit times total units produced) at either the high-est or lowest level of production is determined, and this amount is subtracted from the total cost at that level to determine the total fixed cost. | | | Mixed costs are separated into their fixed and variable cost components. | | | Activity 10—3 The direct labor costs are not variable to the increase in unit volume. |
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http://www.ccsu.edu/business/faculty/mcnulty/Industrial-Solutions-Chpt10.doc
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| | [No title] |
| | For a cost to be determined variable, it must be in respect to something, called its “Activity Base.” Activity Base is a measure of whatever causes the incurrence of variable costs. | | | Step-Variable — cost that is obtainable only in large chunks (such as labor cost of maintenance workers) and that increases or decreases only in response to fairly wide changes in the activity level. | | | The Variable and Fixed are then added together using the mixed cost formula to estimate the total cost. |
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http://www-unix.oit.umass.edu/~kevink/old_website/Chapter5.doc
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| | ipedia.com: Economics Article |
| | The marginal cost is the variable cost of the last unit, plus the percentage of fixed costs. | | | Marginal cost of production divides costs into "fixed" costs which must be paid regardless of how many of a commodity are produced, and "variable costs". | | | The marginal cost of a commodity is the cost to produce the last unit of it, the marginal utility is the happiness gained from buying the last unit. |
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http://www.ipedia.com/economics_1.html
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| | variable cost Definition |
| | Combined with fixed costs, variable costs make up the total cost of production. | | | While the total variable cost changes with increased production, the total fixed costs stays the same. | | | A cost of labor, material or overhead that changes according to the change in the volume of production units. |
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http://www.investorwords.com/5221/Variable_costs.html
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| | Exercises Ch 19 |
| | The variable costs of the 16 smelters should be specified to match the cost curve shown in Figure 19.2. | | | Set the variable costs at each smelter to correspond to the shape of the industry cost curve in Figure 19.2, and don't forget to cut the size of the standard smelter in half. | | | These changes will allow the cost of aluminum ore to vary up or down in response to changes in the ingot price. |
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http://www.wsu.edu/~forda/ch19exex.html
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| | Absorption Costing vs Variable Costing |
| | Advocates of variable costing argue that in order for a fixed manufacturing cost to be an asset, it has to meet a "future cost avoidance" criteria much the same way as prepaid insurance. | | | Net income under absorption costing is influenced by the fluctuations in sales (given a constant production) because a portion of the fixed manufacturing costs are deferred and may be used each year to increase costs. | | | Net income under variable costing is not influenced by the fluctuations in sales (given a constant production) because none of the fixed manufacturing costs are deferred. |
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http://www-biz.aum.edu/jheier/ABSORB2000.htm
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| | Cost Flow:Fixed/Variable Cost |
| | The total of indirect cost in revenue centers after the stepdown matches overhead direct cost before the stepdown. | | | Fixed-variable cost designation: Typically, nonsalary cost is designated as either entirely fixed or entirely variable globally by G/L subaccount. | | | It is these components of cost which are allocated from overhead to revenue centers during the management stepdown, and ultimately from revenue center to procedures in CCA. |
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http://www.e-tba.com/cost-flow.htm
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| | www.lacollae.com - Information about Finances and Accounting |
| | Cost accounting principles The successful application of cost accounting principles requires development of mutual understanding are generally applying these cost accounting principles on a consistent basis. | | | Accounting is the process of tracking, recording and analyzing costs associated with the activity of an organization, where cost is defined This method tended original fixed/variable cost. | | | Cost accounting is a critical part of health care management. |
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http://www.lacollae.com/content/chapter62.html
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| | variable cost - OneLook Dictionary Search |
| | Phrases that include variable cost: average variable cost, semi variable cost | | | Variable cost : Bloomberg Financial Glossary [home, info] | | | Variable cost : Deardorff's Glossary of International Economics [home, info] |
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http://www.onelook.com/?w=variable+cost
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| | Semi-Variable Cost |
| | This type of cost is variable in the sense that greater levels of production increase total cost. | | | A cost composed of a mixture of fixed and variable components. | | | The variable portion is the overtime pay they receive when they exceed their regular hours. |
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http://www.investopedia.com/terms/s/semivariablecost.asp
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| | Re: Fixed cost vs Variable cost |
| | -The most useful generalization is that fixed costs should be considered when they are expected to be altered, either immediately or in the future, by the decision at hand. | | | -Do not jump to the conclusion that all variable costs are relevant and all fixed costs are irrelevant. | | | -To be relevant to a particular decision, a cost must meet two criteria: (a) it must be an expected "future" cost; and (b) it must be an element of "difference" between alternatives. |
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http://www.doctorhomework.com/er/erforum/00000270.htm
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| | Variable Cost |
| | Variable cost is what is spent on variable |
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http://www.auburn.edu/academic/classes/agec/duffypa/2005review3/sld033.htm
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| | variable cost |
| | a cost that varies with a change in the volume of output while remaining uniform on a per-unit basis, as cost of labor (distinguished from |
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http://www.infoplease.com/dictionary/variable+cost
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| | [No title] |
| | Finally, the per unit amounts are calculated by dividing the corresponding year 2 amounts by the 600 units.) The total fixed cost and unit variable cost are assumed to be unaffected by the price increase. | | | (Continued) The total fixed cost and unit variable cost are assumed to be unaffected by the price increase. | | | Then the $50,000 fixed cost is added to the profit to find the contribution margin. |
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http://cba.fiu.edu/acg/forgione/m-6.doc
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| | Fixed or variable cost buying? (Loud Thinking) |
| | This is unlike variable cost businesses, such as consumer computers, where the margins are low and the cost of assembly and materials approach the cost of the product. | | | When you run a variable cost business, you can't afford to be lavish with customer service or repairs. | | | When you run a fixed cost business, you can. |
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http://www.loudthinking.com/arc/000025.html
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| | Railroads and Variable Cost |
| | "Overhead costs" are pretty much the same thing as "fixed costs" in economics, and "direct costs" are the equivalent of variable costs. | | | Thus, the times write-up is saying that in the past, Amtrak had closed down trains if the didn't pay back their variable costs plus some minimum share of the fixed costs. | | | The New York Times wrote "Cutting trains that did not earn back their direct costs and their share of overhead costs... |
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http://william-king.www.drexel.edu/top/prin/txt/Cost/trains.html
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| | Marketing - pricing - variable or marginal cost pricing |
| | With variable (or marginal cost) pricing, a price is set in relation to the variable costs of production (i.e. | | | Prices are set using variable costing by determining a target contribution per unit. | | | The objective is to achieve a desired “contribution” towards fixed costs and profit. |
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http://www.tutor2u.net/business/marketing/pricing_variablecost.asp
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| | [No title] |
| | Total Cost Curves I n a s h o r t - r u n w i t h a f i x e d a m o u n t o f a t l e a s t o n e i n p u t , t h e L a w o f D i m i n i s h i n g ( M a r g i n a l ) R e t u r n s m u s t a p p l y , c a u s i n g t h e f i r m s a v e r a g e v a r i a b l e c o s t o f p r o d u c t i o n t o i n c r e a s e e v e n t u a l l y . ó G ó H ó N ¨ Marginal Cost Function ¨f Marginal cost is the rate-of-change of variable production cost as the output level changes. | | | That is, ó O ¨ Marginal Cost Function Z T h e f i r m s t o t a l c o s t f u n c t i o n i s a n d t h e f i x e d c o s t F d o e s n o t c h a n g e w i t h t h e o u t p u t l e v e l y , s o M C i s t h e s l o p e o f b o t h t h e v a r i a b l e c o s t a n d t h e t o t a l c o s t f u n c t i o n s . ó P ¨$ Marginal and Variable Cost Functions ¨V Since MC(y) is the derivative of cv(y), cv(y) must be the integral of MC(y). | | | Total Cost Curves ¨p What does an average fixed cost curve look like? AFC(y) is a rectangular hyperbola so its graph looks like... ó E ó F ¨/ Av. |
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http://www.bsos.umd.edu/econ/giolito/econ306/slides/ch21.ppt
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| | Variable Cost definition |
| | Costs which vary with the level of Production are known as Variable Costs. | | | Franchise Glossary - Define: Variable Cost - ©2004 HJ Ventures International, Inc. | | | Franchisors are available in every industry / sector to work with entrepreneurs (the Franchisee) to help them develop successful business opportunities (franchises). |
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http://www.hjventures.com/franchise/Variable-Cost.html
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| | Pershing: DBS - Variable Cost Approach |
| | Having variable operation costs rather than fixed costs is especially critical as you expand your business. | | | Because you pay for services as you use them, the majority of your costs are variable rather than fixed. | | | BS allows your firm to take advantage of the traditional benefits of using a clearing firm, thereby providing greater efficiency when utilizing your resources. |
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http://www.pershing.com/variable_cost_approach.htm
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| | [No title] |
| | Sunk cost are cost that cannot be recovered. | | | That decision involves considering both cost and revenues. | | | ª ¨æ Firms must know their cost of production in order to produce the profit-maximizing quantity of output. |
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http://sunny.crk.umn.edu/courses/AGEC/3804/ch8.ppt
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| | UK credit cards - variable cost |
| | A cost which varies with sales or operational volumes, eg materials, fuel, commission payments. | | | - Compare UK credit cards and low cost credit cards - |
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http://www.compare-uk-creditcards.co.uk/uk-credit-cards_variable_cost.php
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| | Sun Managed Serivces Variable Cost Infrastructures |
| | This technology-rich service delivery platform enables our partners to focus investments on the deployment of “infrastructure on demand” for their customers — a rock-solid foundation on which to develop a spectrum of solutions that give you incomparable flexibility, choice and control to meet your unique business needs. | | | Lower your total cost of ownership through variable cost computing technology resources and solutions | | | To learn more about variable cost infrastructures and innovative solutions from our partners, contact Sun. |
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http://www.sun.com/service/managedservices/variablecost
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| | Variable cost on the web |
| | JoltSearch is an excellent resource for quality sites on Variable Cost and much more! | | | Find the Best Sites For Variable Cost With Joltsearch | | | Acquisition reform and training, newsletter, Integrated Digital Environment (IDE), Congressional Desk, awards, civilian, military, and IMA career development, Cost as an Independent Variable (CAIV), conferences, Innovation Network, and that covers about 25% of items that ought to be listed |
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http://www.groovyshopping.com/Variable-cost.htm
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| | variable cost |
| | Variable costs can include costs of fuel, operating expenses, equipment and facility maintenance charges, and depreciation from wear and tear on equipment among others. | | | In the energy industry, the term most commonly refers to costs incurred from energy generation or transportation and delivery which change in proportion to the amount of energy used. |
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http://www.energyvortex.com/energydictionary/variable_cost.html
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| | [No title] |
| | expenses 75,000 Contribution margin $300,000 Fixed costs: Fixed manufacturing costs $150,000 Fixed selling and admin. | | | (15,000 x $35) $525,000 Less ending inventory (3,000 x $35) 105,000 Cost of goods sold 420,000 Gross profit $180,000 Selling and admin. | | | expenses 50,000 200,000 Income from operations $100,000 @ ½ x @ ÿ• ÿÿd d 4 ÿ• ÿÿd d ÿ• ÿÿd d - ÿ• ÿÿd d ÿ• ÿÿd d ÿ• ÿÿd d $ ÿ• ÿÿd d 2 ÿ• ÿÿd d ÿ• ÿÿd d 3 öîZ ®ÿÿ ÿÿ ÿ ÿÿd d ¶ Sales (15,000 x $50) $750,000 Cost of goods sold (15,000 x $35) 525,000 Gross profit $225,000 Selling and admin. |
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http://www.swcollege.com/vircomm/warren_fin/ppt/c17.ppt
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| | [No title] |
| | O1 `v 9 F Cúÿ£ÿÿ ÿÿ ÿ• ÿÿd d S A measure of the event causing the incurrence of a variable cost — a cost driverr S S S S ÿ• ÿÿd d 9 Cü ðû? | | | > > > > ÿ• ÿÿd d r ú÷Uøv ëúÿÿ, ÿÿ ÿ• ÿÿd d Step-Variable Costs , ÿ• ÿÿd d V S ÿÿk K @ 5 T U 4 o/R W ÿÿÿÿ H 0ú¬þ0ú )ü%û g ýÿ AGÀ÷8ø° û ýÿ lç0 af U@ ýÿ D g=H °‘° eA1I Q ç0ýÿ ô ç0H аШþ I aõû ÿ ýÿ Dç0H ðýv ùv H àû ù H 0ú0úð _ Y ÿÿàà ÅÁæ æ 3 =#ÿÿ ÿÿ ÿ• ÿÿd d Activity ÿ• ÿÿd d 3 {N 4ÿÿ ÿÿ ÿ• ÿÿd d 2 Cost ÿ• ÿÿd d 2 3 ÌõFû´ÿÞþÿÿ ÿÿ ÿ• ÿÿd d R Total cost increases to a new higher cost for the next higher range of activity. | | | R R R R ÿ• ÿÿd d r ú÷Uøv ëúÿÿ, ÿÿ ÿ• ÿÿd d Step-Variable Costs , ÿ• ÿÿd d ] Z ÿÿk K @ 5 [ \ ¯Y ^ ² ÿÿÿÿ AGÀ÷8ø° û ýÿ ¤ Y apüÐÿ° ýÿ O" eõà0ú Ô Yýÿ |
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http://plato.acadiau.ca/COURSES/busi/Feltmate/GN06.PPT
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| | Variable Cost |
| | A cost that changes in proportion to a change in a company's activity or business. | | | A good example of variable cost is the fuel for an airline. | | | This cost changes with the number of flights and how long the trips are. |
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http://www.investopedia.com/terms/v/variablecost.asp
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| | ☞ Accounting - Accounting Definitions |
| | This is Duncan Williamson's Cost, Management and Financial Accounting Resource site that also includes business issues, book reviews and the culinary arts. Have a look and see high quality everything: including some vegetarian recipes. | | | Sandy Tunwell has over 20 years experience in Ottawa and Toronto covering various accounting capacities in several industries | | | Auto Repair Service Bookkeeping Accounting POS Point Of Sale Inventory Invoice Purchase Order Job Cost |
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http://www.allofaccounting.com/accountingdefinitions
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| | Title page for ETD etd-08052005-155355 |
| | Utility Accrual Real-Time Scheduling Under Variable Cost Functions | | | We present a utility accrual real-time scheduling algorithm called CIC-VCUA, for tasks whose | | | If you have questions or technical problems, please Contact DLA. |
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http://scholar.lib.vt.edu/theses/available/etd-08052005-155355
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| | CRCS Revenue To Variable Cost Report |
| | Cost calculations are shown for each railroad making up the haul as well as the total of all the railroads. | | | For each rail segment and the total line haul some of they calculated results are: | | | The detail report recaps the user's input data and shows a variety of calculated fields. |
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http://www.commonwealthlogistics.com/CRCS/reports.html
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