Accounting
Throughput Costing
Throughput Costing counts only unit-level costs as the cost of a product or service. All other costs of resources used are counted as operating costs (or expenses). The throughput (under throughput costing) is sales revenue minus all unit-level spending for direct...Throughput
Throughput is – 1) The volume of output generated by a resource in a specific period of time. 2) In the theory of constraints, the rate at which a system generates money. (Bridgefield Group ERP/Supply chain Glossary) Other Definitions Throughput – “Throughput is...Profit Index Factor (PIF)
A markup method used in the automobile service and repair industry based on Activity Based Costing where the basic concept is to find and know the amount of money that must be generated for each hour of technician activity to cover the costs of doing business and...Percentage Completion
An assessment of how far along a task has progressed as a percentage of its total duration. As the assessment is very often subjective, it should not be relied upon as a firm basis for quantitative analysis of a project’s progress. A better approach is the use of...Overhead
Costs incurred in the operation of a business which cannot be directly related to the individual products or services being produced. See Fixed Overhead and Variable OverheadThe Building & Remodeling Wiki Sponsors:
