Accounting Recovery: Definition & Cost Recovery Methods
Accounting recovery method is a way of recognizing and classifying income in accounting. When using the accounting recovery…
Allocation Method: Cost Allocation Methods Explained
Different cost allocation method (s) are used to allocate factory overhead costs to units of production. Allocations are…
What Are Factors Of Production?
Factors of production are the inputs required to create a product or service, and they include land, labor,…
Cost Object: Definition, Types, Examples & Benefits
The concept of cost object is more voluminous. It also includes a group of products, services, departments, customers…
Rent Abatement: All You Need To Know
Rent abatement is an agreement between a landlord and a tenant that provides for a period of free…
Service Revenue: Definition And Types
Service revenue is a single line item on the income statement that accounts for revenue from any services…
DEMAND BASED PRICING: Tip On How To Achieve Success
Demand based pricing determines the actual demand for a product based on current market conditions, making it one…
Constant Opportunity Cost: Why Does It Occur?
With constant opportunity costs, the ratio between costs and the number of units produced remains unchanged. This is…
Increasing Opportunity Cost: What Is The Law Of Increasing Opportunity Cost?
The law of increasing opportunity cost states that whenever the same resource allocation decision is made, the opportunity…
What Is A Guarantor On A Lease?
If you have bad or no credit history, it is clear that you need to get a guarantor…