The best way to ensure that your pricing is competitive without pricing products too low for your business to survive is to understand your costs and the profit per piece. Once you can calculate how ...

Identify cost driver for the overhead cost, and the total amount of cost driver in a multi-product production or multi-service offering. A cost driver is a business activity responsible for change in ...

The next time you go shopping, make sure you're getting the best deal by calculating the cost per unit. To figure out the cost per unit, you need to divide the price of the item by the amount of ...

The high-low method is used in cost accounting to estimate fixed and variable costs based on a business's highest and lowest levels of activity. By focusing on these extremes, the high-low method ...

Average revenue per unit (ARPU) is calculated by dividing total revenue by average number of subscribers. Higher ARPU indicates better revenue generation efficiency per subscriber. Investors can use ...

In years past, given the price of feed grains, it was a given to buy grain. If one was short of forage, buy grain. If one was looking to expand, buy grain. If one was thinking of the future, build ...

Ignore your financial statement, and you effectively ignore the health of your company. A good manager should be able to deftly use the gross margin to understand which areas of the company are ...