Quality Costing – Meaning, Types, How to Calculate and More
Quality costing or quality cost or cost of quality (COQ) constitute the costs that a company incurs to come up with a quality product.… Read Article
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Life Cycle Cost – Meaning, Importance, Analysis and More
Life Cycle Cost (LCC), or whole-life costing, as the name suggests, deals with the total cost of an item during its lifetime. Or, we… Read Article
Consignee – Meaning, Role, Difference and Accounting Entries
Consignee – MeaningThe Consignee and the Consignor are two terms used in the consignment business where a manufacturer or wholesale dealer sends a shipment… Read Article
Accumulated Depreciation – Meaning, Accounting and More
Accumulated depreciation is the total or cumulative depreciation amount of an asset. That is to say; this accumulation is since its purchase by the… Read Article
Marginal Revenue
MeaningMarginal revenue is the additional revenue received by selling one extra unit of a particular product. It is a term synonymous with marginal benefits.… Read Article
Lead Time – Meaning, Importance, How to Improve, and More
MeaningLead time is an essential concept for a manufacturing organization. It is the amount of time between the start and completion of a process… Read Article
Relevant Cost vs. Irrelevant Cost – All You Need to Know
Relevant and Irrelevant costs are the classification of costs based on their importance. Cost data is vital for a business as it helps in… Read Article
FSN Analysis
Meaning of FSN AnalysisFSN Analysis is an inventory management technique that is based on the rate of consumption of spares and goods in an… Read Article
Capital Gains
MeaningCapital gains are an increase or rise in the price of a capital asset from its purchase price. Capital assets can be land, building,… Read Article
Working Capital vs. Term Loan – All You Need to Know
Businesses and loans are almost inseparable. Almost every business requires a loan, be it for expansion or to run operations smoothly. Different options are… Read Article
Deflation
Meaning of DeflationDeflation is the persistent and considerable amount of reduction in the prices of goods and services in an economy. The fall in… Read Article