Difference between revisions of "Average cost"
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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. | ||
| − | + | According to [[Managerial Accounting by Braun, Tietz (5th edition)]], | |
| + | :[[Average cost]]. The total cost divided by the number of units. | ||
[[Category: Marketing Management]][[Category: Articles]][[Category: Accounting]] | [[Category: Marketing Management]][[Category: Articles]][[Category: Accounting]] | ||
Latest revision as of 16:05, 12 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.
According to Managerial Accounting by Braun, Tietz (5th edition),
- Average cost. The total cost divided by the number of units.
