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Earn +20 ptsQ: How do you write the equation for the accounting cost function?
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Write an equation to represent the situation if p is the price of the dinner in dollars. The cost of a dinner plus a 10 percent tip is 10.22?
The equation would be expressed as p + 0.1p = 10.22.
How cost accounting helps the firm in determining the selling price?
Cost accounting helps a company know how much an item cost a company. The company can then add the cost they need to make to the product, usually done as a percentage.
Choose the best answer The first thing which needs to be done in cost accounting is to A Make profit B Calculate selling price C Determine cost of making a product?
The first thing which needs to be done in cost accounting is to Calculate the selling price.
Choose the best answer 1 The first thing which needs to be done in cost accounting is to A Make profit B Calculate selling price C Determine cost of making a product?
The first thing which needs to be done in cost accounting is to Calculate the selling price.
How do you calculate unit cost as you increase production?
Increase in cost: take the first derivative with respect to the unit produced of a cost function. Total cost: sub-in the new quantity into the cost function.
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