Houston Chronicle

What Are the Functions of a Cost Center in a Management Accounting System?

Corporations, as well as nonprofit organizations, use cost centers to keep track of expenses. A cost center is a unit within a larger system that is responsible for a particular set of activities that ...
JSTOR Daily

Estimation of Stochastic Frontier Cost Function Using Data Envelopment Analysis: An Application to the AT&T Divestiture

This study develops a new use of data envelopment analysis for estimating a stochastic frontier cost function that is assumed to have two different error components ...
JSTOR Daily

Production Technology, Costs, and Multiproduct Industry Structure: An Application of the Long-Run Profit Function to the New England Fishing Industry

The long-run multiproduct profit function is developed to provide a more general procedure than the static minimum cost function to examine the technological and cost determinants of multiproduct ...
Investopedia

Total Cost of Ownership: How It's Calculated With Example

Alexandra Twin has 15+ years of experience as an editor and writer, covering financial news for public and private companies. Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor ...
Houston Chronicle

When Is the Marginal Cost Horizontal?

Marginal cost refers to the change in total cost arising from the production of one additional unit. For example, in a manufacturing firm, the marginal cost will give a measure of the change in total ...