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Value engineering- procedure,advantages and applications
Value engineering is the applications of exactly the same set of technique to a new product at the design stage, project concept or prelimin
May 18, 20212 min read
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Uniform gradient series annual equivalent
The main objective of this investment is to find the annual equivalent amount of a series with an amount A1 at the end of the first year and
May 3, 20211 min read
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Break-even analysis or cost value profit analysis
The main objective is to find the cut-off production volume from where a firm will make profit.
The total sales revenue of the firm is
May 3, 20211 min read
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Elements of cost
Variable cost :- Varies with the volume of production.
Overhead cost :- It is fixed, irrespective of the production volume.
Direct mat
May 2, 20212 min read
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Law of demand and supply
It states that the demand and supply of a product are sensitive with respect to the price.
When the product price decreases, the demand of p
May 2, 20212 min read
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