Cost Concepts

The goal of this quick lecture is to introduce ideas of price to the viewer. Steadily widen the data base from there upon to clarify elements of prices, classification and the character of its conduct in relation to the degrees of output in each the quick run and in the long term. 

One ought to be capable of distinguish the character of prices incurred and value per unit of output clearly after this course. Price behaviors in respect to ranges of output and time are defined in easy but crisp phrases.

Price curve depiction on a graph; each briefly run and long term are clearly cited with examples. The typical price curves are however an extension of the above and are clearly defined on this course.

A tabulated information of examples of price at different ranges of output are mentioned intimately to make the idea come alive for the viewer. This job of an actual life instance will be sure that the idea is drilled down with readability with no room for confusion.

In all, that is one of the best introductory course on price ideas that may set the stage for superior ideas of costing and value accounting. As soon as the bottom basis is laid on the remainder is so simple as constructing blocks of a strong construction on it,

I hope this course delivers what it intends. I urge the viewers to achieve out in case of any queries or additional clarifications. I worth your opinions and would tremendously admire for those who might go away your suggestions and your assessment. This may encourage and likewise assist enhance the course content material for the higher.