Chapter Nine: Competitive Markets 9.1 Market Structure and Firm Behaviour Market structure: all features of a market that affect the behaviour and performance of firms in that market‚ such as the number and size of sellers‚ the extent of knowledge about one another’s actions‚ the degree of freedom of entry‚ and the degree of product differentiation. Competitive Market Structure Market power: the ability of a firm to influence the price of a product or the terms under which it is sold. The
Premium Costs Economics Microeconomics
Managerial Accounting (MA) บัญชีบริหาร เป็นการจัดทำและนำเสนอข้อมูลและสารสนเทศทางการเงินที่เป็นอยู่ใ นปัจจุบันแก่ผู้บริหารและพนักงานภายในองค์กร ความสำคัญของบัญชีบริหาร MA เป็นเครื่องมือหนึ่งที่สำคัญในการบริหาร เนื่องจากเป็นสิ่งที่มีบทบาทในการสนับสนุนหน้าที่หลักของการบริ หารทั้ง 4 ที่มีวัตถุประสงค์เพื่อบรรลุเป้าหมายขององค์กร โดยช่วยปรับลักษณะเชิงพรรณนาของกลยุทธ์ให้อยู่ในรูปเชิงปริมาณท ี่สามารถปฏิบัติงานได้จริง หน้าที่หลักของการบริหารองค์กร กระบวนการของ MA บทบาทของ MA ที่ช่วยสนับสนุนหน้าที่
Premium Management accounting Variable cost Costs
Column1 | Column 2 | Column 3 | Column 4 | Column 5 | Column 6 | Column 7 | Column 8 | Column 9 | Column 10 | Column 11 | Output | Price per unit | Total Fixed Cost | Total Variable Cost | Total Cost | Average Fixed Cost | Average Variable Cost | Average Total Cost | Marginal | Marginal Revenue | Total Revenue | Level | | | | | | | | Cost | | | 0 | 165 | 125 | $ - | $165.00 | NA | | $165.00 | | 1 | $165.00 | $125.00 | $113.00 | $238.00 | $125.00 | $113.00 | $238.00
Premium Costs Marginal cost Variable cost
would compare the costs and prices of my services‚ taking into account the costs of other offices like mine. We all know that the price is the sum of cost and profit. Therefore the forecast of the price depends on the price comparison of competition‚ considering that this company offers a similar service like mine. All business involves two types of costs: fixed costs and variable costs‚ so it is important to distinguish between reasonable‚ allowable‚ and allocable costs. Cost reasonableness is
Premium Costs Cost Variable cost
PRINCIPLES CONTENT: Cost and Management Accounting‚ Manufacturing Enterprises‚ Elements of Cost 1. INTRODUCTION TO COST AND MANAGEMENT ACCOUNTING i. Discussing the importance and role of Cost Accounting and Management Accounting ii. Differentiating between Cost and Management Accounting and Financial Accounting iii. Discussing the role of Cost and Management Accounting and service industries 2. ACCOUNTING FOR MANUFACTURING ENTERPRISES i. Flow of costs i. Cost of goods manufactured ii. Cost of goods sold
Premium Costs Management accounting Cost
breakeven point. The cost-volume-profit evaluation and the traditional vs activity based costing method overhead analysis were used for the review and analysis. Traditional Based Costing vs Activity Based Costing Traditional Based Costing Method (TBC). TBC uses one rate‚ the overall cost of production‚ to estimate costs based on the revenue production created. Unlike ABC‚ manufacturing costs in TBC are only assigned to sold merchandises and do not account for nonmanufacturing costs such as administrative
Premium Variable cost Costs Management accounting
Financial and Ratio Analysis. Vélez 7/16/2010 2 Variable Costing Q * USP – Q * (UVC +UVE) – FC – FE = EBIT • Operating leverage is the degree to which a firm uses fixed costs in its operations. The higher the relative fixed costs (% of total costs)‚ the higher the firm’s degree of operating leverage. In firms with high degree of operating leverage‚ a small change in revenues will result in a larger change in operating income because most costs are fixed. 7/16/2010 Financial and Ratio Analysis
Premium Variable cost Contribution margin Leverage
actual results are compared. The resulting variance is called a static budget variance. Static budgets are commonly used as the basis for evaluating sales performance. However‚ they are not effective for evaluating the performance of cost centers. For example‚ a cost center manager may be given a large static budget‚ and will make expenditures
Premium Variable cost Costs Budgets
point if all costs are held constant. Answer | | | | | Selected Answer: | False | Correct Answer: | False | | | | | Question 3 0 out of 2 points | | | Fixed cost is the difference between total cost and total variable cost. Answer | | | | | Selected Answer: | False | Correct Answer: | True | | | | | Question 4 2 out of 2 points | | | Parameters are known‚ constant values that are usually coefficients of variables in equations.Answer
Premium Normal distribution Probability theory Costs
Prime Cost YES.....Conversion Cost NO. Prime Cost YES.....Conversion Cost YES. Prime Cost NO....Conversion Cost NO. Prime Cost NO.....Conversion Cost YES. Instructor Explanation: Chapter 2 Points Received: 6 of 6 Comments: 2. Question : (TCO A) A cost incurred in the past that is not relevant to any current decision is classified as a(n) Student Answer: period cost. incremental cost. opportunity cost.
Premium Variable cost Contribution margin Costs