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Production costs are costs to produce
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∙ 14y ago
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What things do variable costs include?
Variable costs vary depending on a company's production. Production, or output, and costs are included in variable costs. Production and costs are directly related.
Which ratio shows an organizations effectiveness in minimizing production costs?
There are two measures of production costs: total costs and marginal costs. The relevant ratio depends on which of these is being minimised.
What is an example of lower production costs brought about by the use of technology?
what is an example of lower production costs brought about by technology
What of the following is the most direct cause of cost push inflation?
Rising production costs.
What would lead to an increase in the increase in the inflation rate?
Rapidly rising production costs
What does total cost of production include?
Variable Costs and fixed costs
Are selling costs variable costs?
If selling costs varies with production level then selling costs are variable costs but if they remain fix then these are fixed costs.
What drives up the production costs such as celebrities?
Production costs for the Super Bowl are indeed driven up by celebrity fees. Also, the costs are driven up by the player fees.
Is fixed costs is a period costs?
Yes normally fixed costs are period costs because these costs have to be paid no matter production done or not.
What are non production overheads?
Non production overheads are costs associated with the workings of a company. These costs do not go directly into making the item. For example, electricity or office space are non production overheads.
What are the examples of fixed costs?
Fixed Costs are expenses that don't change based on production or sales volumes. They include salaries, rent, insurance, accountancy costs. Variable Costs are expenses that vary based on production volumes. They include material, labor, utilities, and delivery costs
Different types of costs of production?
production cost, selling cost and sundry cost
