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CVP is a short run, marginal analysis: it assumes that unit variable costs and unit revenues are constant, which is appropriate for small deviations from current production and sales, and assumes a neat division between fixed costs and variable costs, though in the long run all costs are variable.
Like a cost-plus contract, the price paid by the buyer to the seller changes in relation to costs, in order to reduce the risks assumed by the contractor (seller). Unlike a cost-plus contract, the cost in excess of the target cost is only partially paid according to a buyer/seller ratio, so the seller's profit decreases when exceeding the ...
Quality, cost, delivery ( QCD ), sometimes expanded to quality, cost, delivery, morale, safety ( QCDMS ), [ 1] is a management approach originally developed by the British automotive industry. [ 2] QCD assess different components of the production process and provides feedback in the form of facts and figures that help managers make logical ...
Stock statement. A stock statement is a business statement that provides information on the value and quantity of stock -related transactions. This statement describes how much stock was purchased at what value and when, and is a matter of accounts and finance supplied by the cash credit account holder (e.g. a private limited company) to banks ...
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Profit model. The profit model is the linear, deterministic algebraic model used implicitly by most cost accountants. Starting with, profit equals sales minus costs, it provides a structure for modeling cost elements such as materials, losses, multi-products, learning, depreciation etc.
Equivalent annual cost. In finance, the equivalent annual cost ( EAC) is the cost per year of owning and operating an asset over its entire lifespan. It is calculated by dividing the negative NPV of a project by the "present value of annuity factor": , where. where r is the annual interest rate and. t is the number of years.
Here’s how to calculate how much you’ll pay in sales tax on a product. Use the following sales tax formula: sales tax = list price x sales tax rate (as a decimal) For example, Sarah is ...