what is the conceptual problem of applying fixed manufacturing overhead as a product cost?
538306
There is no such thing as a fixed manufacturing cost.  The cost is always going to be in a state of flux depending on the raw material cost, shipping, labor, inventory, storage costs.
463195
the process is long and could not told within the small nutshell it could be differentiated from trading account by the raw materials being converted by direct labor and process / direct overhead into a punished product this goes into manufacturing account and the balance of it (MANUFACTURING PROFIT / LOSS ) goes to profit & loss account for further processing
1000741
They are really two different types of costs.\n \nFixed cost are expenses that do not change in proportion to business activity. (e.g. rent, salaries, capital equipment...)\n\nVariable cost are expenses that change in proportion to business activity.(e.g. raw materials,....)\n\nYou certainly wouldn't want your rent to go up if your business had a good month, or your salary to go down if you had a bad month. Likewise, you wouldn't want the cost of your raw materials to stay the same each month if the demand decreases, so the advantage to converting from fixed to variable costs is that the costs will increase or decrease in proportion to business activity.
30983
There are lots of reasons why a manufacturer might be interested in this. For example, suppose that a manufacturer wants to produce a container with a given capacity that uses as little material as possible, so it is inexpensive to produce. This could easily lead to characterizing potential product designs with parameters like the ratio of volume to surface area; designs with larger ratios will potentially be more profitable.
122384
to reflect the increased cost of overheads, due to inflation
322338
Some general overhead allocation methods are ratios based on:\n\nHeadcount \nArea occupied (sq ft)\nTime usage\n\nThe method usually depends on the type of cost. For example Utilities (electricity) would probably be based on area occupied as a percent of total area; whereas Liability Insurance would probably be based on headcount.\n\nHope that helps
192303
An easier way to look at it is to change the "c" to an "l". In other words, "opportunity lost".\n\nOpportunity cost is the price for committing your resources to a project. While they are committed, you can't spend them on other projects. So, you lost your control over your money and, if another project comes up, you lost the ability to invest in it.
677295
Something to do with COSTING. Try this,
857366
Fixed operations/expenses are non-variable.  Your building, your technology equipment, anything that cannot be picked up and moved.  Variable expenses are people, inventory - items that can be adjusted.
130248
It will depend upon the facilities you currently have, and their output.  If your facility produced 10 million units 150,000 would only be a small amount and may not cause much increase in your costs.  If your manufacturing equipment runs on oil or some kind of support requirements that are increased by the number of units this could increase with 150,000 additional units.  Now if you are currently producing 10,000 units and your facilities have a capacity of 50,000 you will need to purchase new manufacturing equipment to support the additional demand, but if your costs for your equipment are independent of the number of units you produce and the quantity you wish to produce can be supported by your current equipment your fixed costs would not increase, and your fixed costs per unit would decrease. \n\nVariable costs which are not included in your fixed manufacturing overhead cost will also more than likely increase based on your production since you will need more staff to box or ship your new items.
348604
try this site\n\nhttp://www.futureaccountant.com/process-costing/
145786
that assumes that the cost of your inventory or manufactured goods is rising. if it were falling then the answer would be the opposite.
410767
This is a bit difficult question cause it takes lots of factors like how many resources you have (or going to allocate for the project). Do you have a clearly defined scope of work?? System Design??? if you have answers for these then lets break to project in to phases like  feasibility study, requirement gathering, analysis, design, coding and implementation. Each phase break it in to smaller tasks like getting approvals, visiting different locations etc. \n\nNow estimate number of days your resources going to spend on each task depending on the level of experiance the resources have. Here you need consider their previous experience and keep gaps for paper work and other manual processors.\n\nOnce you arrive on total number of days, then it is easy, you calculate what is your man day cost and add your profit margin. Then multiple Man Days * charge per day, that is the price estimation and number of days is the time estimation. Make sure you have buffers in case of something goes wrong in a phase. Size of the buffer needs to justify and realistic.
767487
to try and help answer your question.  there are all types of cost when it comes to inventory.  such as cost of goods sold.  cost that involves the workers, holding cost, shipping cost, manager cost, bad/not usable product (specific name for that i forget it).  fixed cost such as machenery (spelling), renting/owning,  variable costs like utilities, overhead cost.  also cost such as liablities for accounts payable...hope that helps
1082116
change problems to challenges.\n\nHigh wages and product cost cause several challenges to our budget costs
590960
Automation exists only to lower labor cost by reducing the need for laborers.Lower the cost on manufacturing decreases the cost to the end user sell more products create new jobs delivering and selling the product. Theoretical but not likely.\nautomation-> efficiency-> productivity-> profit-> expansion-> More automation...? This is not a circle see it more like a spiral where the tip of the spiral is profit sharing and the bottom spiral is YOU.\nKinda like vending machines. Just need to replace the vendor then we will be perfectly efficient. ((BORG))
986283
I'm not going to do you're homework for you and I suggest that if you can't answer this you may want to consider dropping your econ class or getting some special help.  In most cases Marginal Cost = Supply for a given firm.  You're market clearing point will be Supply = Demand (for a competitive firm).  You can use that information to solve the rest.