Here is the synopsis of our sample research paper on Costing for the Twenty-First Century. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 4 page paper looks at the use of value based costing, assessing the benefits that can be realized where it is used and at times when it may not be suitable and absorption costing is more appropriate. The bibliography cites 3 sources.
Page Count:
4 pages (~225 words per page)
File: TS14_TEVBcost.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
There are a number of different methods that can be utilized in order to determining a price, pricing strategies may include target pricing, and even the sue of loss leaders
in order to gain market share, usually the method of costing will be undertaken in a manner to ensure that the company will make a profit. The use of marginal
costing has been very popular in recent years, seeing fixed overhead costs akin to sunk costs, and the adoption of a revenue maximization model in order to increase revenues, and
therefore profit. However, there are alternative methods of undertaken pricing. One approach is that of value costing. Value costing is undertaken as a method that can assess the true cost
of each good or service which an organization manufactures or provides. There are a number of costs need to be assessed, both direct costs and in direct costs. The benefit
of value costing is the way that all of these costs can be correlated into a cost for each unit that is to be sold. By undertaking value costing
an organization will be better positioned to ensure that pricing decisions reflect the true value of the goods or services that sold. It may be argued that this is a
costing methodology which is the only thing truly viable since technology has developed and allowed complex calculations that can be adjusted for difference input and output levels and relevant costs.
If the company understands fully the way that the costs are made up, then theyll expositions to birth control is costs, as well as to make suitable pricing decisions.
While an organization may be tempted to make a marginal pricing decision, as this could increase the revenues that you received, and if considered in terms of contribution may help
...