average cost
mean expense of a product or manufacturing factor | ||||
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Average cost definition was found in categories: Business & Finance(4) Language, Idioms & Slang(1) Science & Technology(2) Encyclopedia(1)
Average cost Definition from Business & Finance Dictionaries & Glossaries
| Campbell R. Harvey's Hypertextual Finance Glossary |
Average cost
In the context of investing, refers to the average cost of shares or stock bought at different prices over time.
In the context of investing, refers to the average cost of shares or stock bought at different prices over time.
| MONASH Marketing Dictionary |
Average Cost
the average cost per unit of production of a set or group of products; the total cost of production divided by the total number produced; the Unit Cost. See Long-Run Average Cost; Short-Run Average Cost.
the average cost per unit of production of a set or group of products; the total cost of production divided by the total number produced; the Unit Cost. See Long-Run Average Cost; Short-Run Average Cost.
| European Central Bank Glossary |
average cost
The continued (or weighted) average method, by which the cost of every purchase is added to the existing book value to produce a new weighted average cost.
The continued (or weighted) average method, by which the cost of every purchase is added to the existing book value to produce a new weighted average cost.
| BASSAM Trade, Real Estate, Mortgage, Fund,Invest, Insurance,& Tax,Terms/abbreviations/defin. |
AVERAGE COST
The average price plus commission.
The average price plus commission.
Average cost Definition from Language, Idioms & Slang Dictionaries & Glossaries
| WordNet 2.0 |
average cost
Noun
1. total cost for all units bought (or produced) divided by the number of units
(hypernym) monetary value, price, cost
Noun
1. total cost for all units bought (or produced) divided by the number of units
(hypernym) monetary value, price, cost
Average cost Definition from Science & Technology Dictionaries & Glossaries
| Energy Glossary |
AVERAGE COST
The revenue requirement of a utility divided by the utility's sales. Average cost typically includes the costs of existing power plants, transmission, and distribution lines, and other facilities used by a utility to serve its customers. It also included operating and maintenance, tax, and fuel expenses.
The revenue requirement of a utility divided by the utility's sales. Average cost typically includes the costs of existing power plants, transmission, and distribution lines, and other facilities used by a utility to serve its customers. It also included operating and maintenance, tax, and fuel expenses.
| Fishery Glossary |
Average cost (of effort)
The total cost divided by the total amount of effort used. OECD (1996)
The total cost divided by the total amount of effort used. OECD (1996)
Average cost Definition from Encyclopedia Dictionaries & Glossaries
| Wikipedia English - The Free Encyclopedia |
Average cost
In economics, average cost is equal to total cost divided by the number of goods produced (Quantity-Q). It is also equal to the sum of average variable costs (total variable costs divided by Q) plus average fixed costs (total fixed costs divided by Q). Average costs may be dependent on the time period considered (increasing production may be expensive or impossible in the short term, for example). Average costs affect the supply curve and are a fundamental component of supply and demand.
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Average costing
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 is computed by dividing the total cost of goods available for sale by the total units available for sale. This gives a weighted-average unit cost that is applied to the units in the ending inventory.
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