Author: Anfisa Dmitrieva

The difference between margin and markup is that margin is sales minus the cost of goods sold, while markup is the the amount by which the cost of a product is increased in order to derive the selling price. A mistake in the use of these terms can le…

A change in fixed cost would have no effect on the position or shape of these curves. The intersection of MR and MC is shown in the next diagram as point A….

Marginal cost is the derivative of the sum of fixed costs and variable costs of production divided by the quantity produced. This measure of cost allows the producer to understand the cost required to produce each additional unit of output. Marginal …

If your company sells products, profit margin is the number that drives every other part of the business. Out of the profit margin comes the money to pay expenses and the net profits for you, the owner. Applying a consistent profit margin to your pri…

Taking a holistic view, we provide input to design engineersand R&Dto help optimize the products for manufacturing engineering, while working seamlessly with manufacturing engineers to improve production. OMS offers strong continuity plans to mit…

Some of the benefits of lean manufacturing can include reduced lead times, reduced operating costs and improved product quality. Cell production is an important ingredient of lean manufacturing and refers to a manufacturing system where the workforce…

Even with automation and easy-to-use accounting tools, bookkeeping mistakes can happen. Journal entry errors can end up costing your small business time and money. Learn how to get your books back on track with correcting entries. As your business gr…

Simply put, selling and administrative expenses are all the expenses not directly related to the production of a product. That includes the budgets of all non-manufacturing departments such as marketing, accounting, sales, engineering, and so on. Gen…

If they can’t, they utilize other tactics such as discounts. The consumer’s social situation, time situation, the reason for their purchases, and their moods also affect their buying behavior. Planned obsolescence is a deliberate effort by companies …

After the discontinuance, the first annual inspection under § 91.409(a) is due within 12 calendar months after the last complete inspection of the aircraft under the progressive inspection. The 100-hour inspection under § 91.409(b) is due within 100 …