Purchase Solution

Six Categories of Cost

Not what you're looking for?

Ask Custom Question

List and describe the six categories of cost. Additionally, discuss which ones are used in making an incremental cost analysis and why. Choose a product and discuss it in terms of these six categories of costs.

Purchase this Solution
Solution Summary

The following post discusses the six categories of cost.

Solution Preview

Please see attachment.

Feel free to ask for clarifications at any time.

QUESTION

List and describe the six categories of cost. Additionally, discuss which ones are used in making an incremental cost analysis and why. Choose a product and discuss it in terms of these six categories of costs.

TUTORIAL

In finance and accounting, costs are generally regarded in different ways depending on the manner in which each is incurred.

Assume that you are the head of a multi-national plastics firm interested in undertaking the manufacturing of a new product, QB10. QB10 will supplement the already existing product lines. It will from an extra income for the company. The six categories will be discussed in relation the product QB10

1. Fixed cost: A fixed cost is a cost that does not ...

Solution provided by:
Chidi Ngene, M. Sc.
Education
  • B. Sc., University of Nigeria
  • M. Sc., London South Bank University
Recent Feedback
  • "Thank you."
  • "thank you Chidi Ngene.. if you have any APA references would be great"
  • "Thank you so much for your help, your explanations were easy to understand and apply!"
  • "are you able to highlight the equations used either on the xlsx or a word doc as to how each graph was formed- overall looks fine i just need help understanding this myself"
  • "Chidi Ngene, M. Sc. Was extremely helpful as without the help and guidance I would have failed, but with the help I passed. I still have a lot to learn and in need of the guidance to understand and learn more on the subject. I would recommend Chidi Ngene and BrainMass to anyone that are in need of help. Thank you!!"
Purchase this Solution
Free BrainMass Quizzes
Basics of corporate finance

These questions will test you on your knowledge of finance.

Managing the Older Worker

This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce

MS Word 2010-Tricky Features

These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.

Business Ethics Awareness Strategy

This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.

Team Development Strategies

This quiz will assess your knowledge of team-building processes, learning styles, and leadership methods. Team development is essential to creating and maintaining high performing teams.

View More Free Quizzes
Related BrainMass Solutions

  • Rank Correlation for Car Fuel Consumption

    Following table shows the given fuel consumption values of the three categories including the combined rank for each value. S.No. Four Cylinder Six Cylinder Eight Cylinder mi./gal Rank mi./gal Rank mi.

  • Example of a Startup Budget w/ Six Month's Operating Expense

    DKF The attached MS Excel spreadsheet a detailed examples for the creation of a Business Startup Budget along with calculations for the determination of a Six Month Operating Expense budget.

  • Six Sigma - Insurance company

    Manufacturing Six Sigma processes utilize machines to produce products, whereas transactional Six Sigma processes utilize people and/or computers to produce services. The process improvement methodology facet of Six Sigma addresses both categories.

  • Unit Costs and Demands

    The following is a table (see the attachment) of six items in inventory along with the unit cost and the demand in units. (a) Find the total amount spent on each item during the year. What is the total investment for all of these?

  • Describe the roles and responsibilities of management and in

    What are the three major categories of notes or footnotes presented in annual reports? Cite an example of each 15.

  • Pareto Analysis of Data

    472719 Pareto analysis of data to determine percentage of total complaints by categories Below is a table of data collected over a six-month period in a local grocery store.

  • Birth Control Methods

    591110 Birth Control Methods Below is a set of six general categories of birth control that you will evaluate for your classmates: Pills/patches/rings (estrogen + progestin based) Sympto-thermal + condom/diaphragm Intra-uterine devices

  • Performance Appraisal

    is an eight-page form with a copy of the employee's job description attached and six large blocks for the manager to write down his or her comments on each of the six categories.

  • Comparison: Bloom's Taxonomy and Six Facets of Understanding

    While the six facets are relatively equal in terms of relevance and importance to a student's overall understanding of a concept, the more complex of Bloom's categories in his taxonomy are more highly valued.

View More Related Solutions