Last Updated 28 Feb 2020

Explain How An Organisation Can Cost A Product And Determine Its Price At Any Activity Level

Words 601 (2 pages)
441 views

You may wish to choose a business you already have knowledge of from trips or your part-time employer.

For a product of your choice:

1. Clearly explain the main cost elements and the nature of those costs – define and give relevant examples of variable, fixed, semi-variable, direct and indirect costs

Order custom essay Explain How An Organisation Can Cost A Product And Determine Its Price At Any Activity Level with free plagiarism report

GET ORIGINAL PAPER

2. Suggest the weekly production level and a breakdown of costs for one product from your chosen business. Then calculate the marginal and absorption costs per unit.

3. Describe at least 2 methods of setting the price, including cost-plus pricing. Then suggest which method is best suited to your chosen business’ product and why. You may wish to choose a business you already have knowledge of from trips or your part-time employer.

For a product of your choice:

  1. Clearly explain the main cost elements and the nature of those costs – define and give relevant examples of variable, fixed, semi-variable, direct and indirect costs

2. Suggest the weekly production level and a breakdown of costs for one product from your chosen business. Then calculate the marginal and absorption costs per unit.

3. Describe at least 2 methods of setting the price, including cost-plus pricing. Then suggest which method is best suited to your chosen business’ product and why.You may wish to choose a business you already have knowledge of from trips or your part-time employer.

For a product of your choice:

1. Clearly explain the main cost elements and the nature of those costs – define and give relevant examples of variable, fixed, semi-variable, direct and indirect costs

2. Suggest the weekly production level and a breakdown of costs for one product from your chosen business. Then calculate the marginal and absorption costs per unit.

3. Describe at least 2 methods of setting the price, including cost-plus pricing. Then suggest which method is best suited to your chosen business’ product and why.You may wish to choose a business you already have knowledge of from trips or your part-time employer.

For a product of your choice:

1. Clearly explain the main cost elements and the nature of those costs – define and give relevant examples of variable, fixed, semi-variable, direct and indirect costs

2. Suggest the weekly production level and a breakdown of costs for one product from your chosen business. Then calculate the marginal and absorption costs per unit.

3. Describe at least 2 methods of setting the price, including cost-plus pricing. Then suggest which method is best suited to your chosen business’ product and why. You may wish to choose a business you already have knowledge of from trips or your part-time employer.

For a product of your choice:

1. Clearly explain the main cost elements and the nature of those costs – define and give relevant examples of variable, fixed, semi-variable, direct and indirect costs

2. Suggest the weekly production level and a breakdown of costs for one
product from your chosen business. Then calculate the marginal and absorption costs per unit.

3. Describe at least 2 methods of setting the price, including cost-plus pricing. Then suggest which method is best suited to your chosen business’ product and why.You may wish to choose a business you already have knowledge of from trips or your part-time employer.

For a product of your choice:

1. Clearly explain the main cost elements and the nature of those costs – define and give relevant examples of variable, fixed, semi-variable, direct and indirect costs

2. Suggest the weekly production level and a breakdown of costs for one product from your chosen business. Then calculate the marginal and absorption costs per unit.

3. Describe at least 2 methods of setting the price, including cost-plus pricing. Then suggest which method is best suited to your chosen business’ product and why.

Explain How An Organisation Can Cost A Product And Determine Its Price At Any Activity Level essay

This essay was written by a fellow student. You can use it as an example when writing your own essay or use it as a source, but you need cite it.

Get professional help and free up your time for more important courses

Starting from 3 hours delivery 450+ experts on 30 subjects
get essay help 124  experts online

Did you know that we have over 70,000 essays on 3,000 topics in our database?

Cite this page

Explore how the human body functions as one unit in harmony in order to life

Explain How An Organisation Can Cost A Product And Determine Its Price At Any Activity Level. (2016, Aug 12). Retrieved from https://phdessay.com/explain-how-an-organisation-can-cost-a-product-and-determine-its-price-at-any-activity-level/

Don't let plagiarism ruin your grade

Run a free check or have your essay done for you

We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy

Save time and let our verified experts help you.

Hire writer