Abstract
Trading organisations who are supplied with a finished product for resale are aware of the cost of the product and will know from market research, or have been informed by the manufacturer of a possible selling price. The trading company will be aware that in order to earn a profit its expenses must be maintained within the margin between cost and selling price.
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© 1977 A. A. Callam and M. J. Ryder
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Callam, A.A., Ryder, M.J. (1977). Accounting for Costs. In: A Foundation in Business Accounting. Palgrave, London. https://doi.org/10.1007/978-1-349-02640-1_11
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DOI: https://doi.org/10.1007/978-1-349-02640-1_11
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-18452-3
Online ISBN: 978-1-349-02640-1
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