01cost plus versus sales minus cost
1
Traditional View Profit Profit Profit Mfg. Cost Mfg. Cost Mfg. Cost Sales Price Sales Price SALES Changing Costing Methods Principles of Cost Plus: SALES PRICE = COST+ PROFIT Principles of Cost Reduction: PROFIT = SALES PRICE - COST Modern View Profit Profit Profit Mfg. Cost Mfg. Cost Mfg. Cost Sales Price
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Transcript of 01cost plus versus sales minus cost
Traditional
View
ProfitProfit
Profit
Mfg.
Cost
Mfg.
Cost
Mfg.
Cost
Sales
Price
Sales
Price
SALES
Changing Costing Methods
Principles of Cost Plus: SALES PRICE = COST+ PROFIT
Principles of Cost Reduction: PROFIT = SALES PRICE - COST
Modern
View
Profit
Profit
Profit
Mfg.
CostMfg.
Cost
Mfg.
CostSales
Price