Finals - Pricing and Costing

What are the four types of market?

Two major types of costs.

Three Major cost classifications.

Four common pricing structures

Four types of Pricing Policies

____________  is the total cost incurred due to an additional unit of product being produced.

_________ are expenses that can be eliminated if a decision is made to alter the course of a project or business.

_______________ is that kind of cost which changes with the change in the level of production and sales.

Wood used in bookcases

• Variable Cost

• Fixed Cost

Machine depreciation based on machine hours

• Variable Cost

• Fixed Cost