Tag: Costs

Fixed, variable costs and break-even

The break-even point of a business is the level of output or sales at which the revenue received by the business is exactly equal to the cost of making (or selling) that...

Covering the costs of a new product

Costing is an important aspect of production because: By knowing how much it costs to produce an item or to carry out an activity it is possible to price the item or activity. It...

Costing and profitability

Knowing the cost of an item, or an activity makes it possible to calculate the profit of that item or activity. This is very important. Sometimes businesses are not aware that they...

Cost and profit centres

For any business it is important to have an understanding of how much it costs to run various parts of the company, for example a department or a machine in that department....

Calculating costs of production

Costing is an important aspect of production because: by knowing how much it costs to produce an item or to carry out an activity it is possible to price the item or activityit...

Costing aircraft components

When we think about the cost of an aircraft, we tend to think of the cost of buying the product rather than the costs of running it! British Aerospace’s service to the...
- Advertisement -
- Advertisement -