Class 3 F 11 Student

Class 3 F 11 Student - Additional Cost Management Tools...

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Additional Cost Management Tools
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Revenue (Price X Volume) - Cost of Goods Sold Direct Labor Direct Material Factory Overhead Gross Profit - Other Expenses Research and Development Costs Profit before Taxes Procurement Price / Cost Analysis Tools Index Analysis Variable Costs Cost-Vol-Profit Analysis Fixed Costs Quantity Discount Analysis
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In the U.S., a useful index is the Producer Price Index (PPI). What is the Producer Price Index? How is it used by buyers? A price index measures the change over time in the price of a product or service versus starting price at time ‘t = 0’. Index Analysis
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http://www.census.gov/epcd/www/naics.html
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www.bls.gov/data/
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Calculate the Percentage Change in the PPI End - Beginning Beginning = 241.3 - 215.8 215.8 = Change 25.5 215.8 = 0.118 11.8%
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What Should You Pay? Producer Price Index Case Study
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11 Revenue (Price X Volume) - Cost of Goods Sold Direct Labor Direct Material Factory Overhead Gross Profit - Other Expenses
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This note was uploaded on 09/28/2011 for the course PROCUREMEN 300 taught by Professor Mobilio during the Spring '11 term at Rutgers.

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Class 3 F 11 Student - Additional Cost Management Tools...

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