The world of microeconomics and business decision-making hinges upon a key concept: marginal cost. In the simplest terms, marginal cost represents the expense incurred to produce an additional unit of ...

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 ...

Ashlyn is one of Forbes Home's in-house writers and a former civil engineer-turned content writer with over six years experience. Until recently, Ashlyn focused on creating content for Forbes Home as ...

Cost-plus pricing is, perhaps, the most common way of establishing a profitable selling price for a product or service, since it ensures that a company sells a product for more than it had cost the ...

Nick has seven years of experience in the home improvement industry. He started his career marketing for dozens of flooring providers and related home services across North America. Today, he is a ...

The executive committee of the board of directors of the Town Center Improvement District received an update on the progress of "Unit Cost Modeling" for public safety services. Frank Robinson, ...

Because of Reaper’s nature, unit-cost estimates can be tricky. Various media reports cite a per-unit cost from $4 million to $5 million. They are quite incorrect. Because they are integral to Reaper’s ...