Difference between revisions of "Average cost"

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:[[Average cost]]. The cost per unit at a given level of production; it is equal to total costs divided by production.
 
:[[Average cost]]. The cost per unit at a given level of production; it is equal to total costs divided by production.
 
According to [[Cost Accounting by Horngren, Datar, Rajan (14th edition)]],
 
According to [[Cost Accounting by Horngren, Datar, Rajan (14th edition)]],
*[[Average cost]]. See unit cost.
+
:[[Average cost]]. See unit cost.
  
  
 
[[Category: Marketing Management]][[Category: Articles]][[Category: Accounting]]
 
[[Category: Marketing Management]][[Category: Articles]][[Category: Accounting]]

Revision as of 19:20, 10 July 2020

Average cost is the cost per unit at a given level of production; it is equal to total costs divided by production.

Definition

According to Marketing Management by Keller and Kotler (15th edition),

Average cost. The cost per unit at a given level of production; it is equal to total costs divided by production.

According to Cost Accounting by Horngren, Datar, Rajan (14th edition),

Average cost. See unit cost.