production costs
121Marginal Cost Of Production — The change in total cost that comes from making or producing one additional item. The purpose of analyzing marginal cost is to determine at what point an organization can achieve economies of scale. The calculation is most often used among… …
122communal production systems — A term sometimes applied to the broad range of exchanges between formal production and the household production system, in which those who carry the costs expect symbolic, intangible returns for their efforts. These include baby sitting circles… …
123variable production overhead — The elements of an organization s indirect manufacturing costs that vary in total in proportion to changes in the level of production or sales. Examples can include factory power and depreciation of machinery using the production unit method …
124line production — mass production A type of process in which high volumes of identical, or very similar, products are made in a set sequence of operations. It involves high capital expenditure and depends on efficient plant layouts and procedures, as well as good… …
125variable production overhead — The elements of an organization s indirect manufacturing costs that vary in total in proportion to changes in the level of production or sales. Examples can include factory power and depreciation of machinery using the production unit method …
126labour costs — wages costs Expenditure on wages paid to those operators who are both directly and indirectly concerned with the production of the product, service, or cost unit. See also: direct labour cost, indirect labour cost …
127Capital Costs — The amount of money needed to purchase equipment, buildings, tools, and other manufactured goods that can be used in production …
128sundry expenses — Costs incurred as small items of expenditure, which do not lend themselves to easy classification under any other heading. Sometimes they refer to a specific area, such as sundry office expenses or sundry production costs …
