5 Terms
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Industrial manufacturing
General manufacturing that involves industrial production to transform raw materials into finished goods and products.
Industry: Manufacturing
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Industrial manufacturing
marginal cost
Manufacturing; Industrial manufacturing
Μarginal cost is τhe increase in cost that accompanies a unit increase in output; the partial derivative of the cost function with respect to output.
full cost pricing
Manufacturing; Industrial manufacturing
Full cost pricing or full costing is an accounting method that describes when all fixed and variable costs are used to compute the total cost per unit in order to derive the price of the product or ...
surface area
Manufacturing; Industrial manufacturing
The total area of all surfaces that compose a part.
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