Average Cost definitions

Average cost

==Short-run average cost== Average cost is distinct from the price, and depends on the interaction with demand through elasticity of demand and an average cost due to marginal cost pricing. Short-run average cost will vary in relation to the quantity produced unless fixed costs are zero and variable costs constant. A cost curve can be plotted, wit...
Found on http://en.wikipedia.org/wiki/Average_cost

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Average cost

Total cost divided by output.
Found on http://www-personal.umich.edu/~alandear/glossary/a.html

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average cost

(from the article `accounting`) Accountants can make this division by any of three main inventory costing methods: (1) first-in, first-out (FIFO), (2) last-in, first-out (LIFO), or ... ...thus incurs costs of 6 $100 = $600 a year, irrespective of volume and even if the product is not made at all during the period. If the plant ... E...
Found on http://www.britannica.com/eb/a-z/a/130

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Average cost

In the context of investing, refers to the average cost of shares or stock bought at different prices over time.
Found on http://www.duke.edu/~charvey/Classes/wpg/bfglosa.htm

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Average Cost

The total cost of production divided by the total quantity produced.
Found on http://www.electromn.com/glossary/a.htm

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average cost

Or unit costtotal cost divided by output. For example, if a firm has total costs of 10 million with an output of 1 million units, the average cost is 10. If long-run average cost falls as output...
Found on http://www.encyclo.co.uk/local/20688

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Average Cost

A method of inventory valuation whereby the total cost of all units bought or produced is divided by
Found on http://www.encyclo.co.uk/local/22402

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Average Cost

In the context of investing, refers to the average cost of shares or stock bought at different price
Found on http://www.encyclo.co.uk/local/22402

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average cost

[n] - total cost for all units bought (or produced) divided by the number of units
Found on http://www.webdictionary.co.uk/definition.php?query=average%20cost

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average cost

noun total cost for all units bought (or produced) divided by the number of units
Found on https://www.encyclo.co.uk/local/20974

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Average Cost

The total cost of production divided by the total quantity produced.
Found on https://www.encyclo.co.uk/local/22819

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Average Cost

Refers to the average amount that has been paid for the items that are currently on hand. Prices for inventory items vary, and average cost gives a retailer an idea about how much he typically spends for any given item.
Found on https://www.encyclo.co.uk/local/23095

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Average Cost

Average cost is a cost accounting term that is sometimes referred to as unit cost or weighted average cost. Average cost can refer to either average cost of inventory or the average cost of units produced.
Found on https://www.myaccountingcourse.com/accounting-dictionary/accounting-diction

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