Total cost divided by output.
Related information about average cost:
- Average cost - Wikipedia, the free encyclopedia
In economics, average cost or unit cost is equal to total cost divided by the number of goods produced (the output quantity, Q). It is also equal to the sum of ...
- Average cost method - Wikipedia, the free encyclopedia
Under the 'Average Cost Method', it is assumed that the cost of inventory is based on the average cost of the goods available for sale during the period.
- Average Cost - University of South Carolina
Apr 1, 2009 ... The average cost can tell you whether you are breaking even -- whether your total revenue is covering your total cost. Try this True or False ...
- Average-Cost Method Definition | Investopedia
A costing method by which the value of a pool of assets or expenses is assumed to be equal to the average cost of the assets or expenses in the pool.
- What is average cost? definition and meaning
Definition of average cost: Production cost per unit of output, computed by dividing the total of fixed costs and variable costs by the number of total units ...
- Definition of Average Cost (AC)
Average Cost (AC). The average cost is the total cost divided by the number of units produced. It is important to understand that firms maximize profits by ...
- Average cost - Moneyterms home
The term average cost has slightly different meanings in economics and accounting. In economics it is simply the total cost of (fungible) products manufactured ...
- average cost - The Free Dictionary
Noun, 1. average cost - total cost for all units bought (or produced) divided by the number of units. monetary value, price, cost - the property of having material ...