Accounting Foundations: Cost-Based Pricing Strategies
Accounting Foundations: Cost-Based Pricing Strategies is an Intermediate level course on Business, created by the creator, Jim Stice. This course is a critical pillar for an individual who needs to sharpen his/her Business skills. It gives you a thorough grip on Business, Accounting, Business Skills, Marketing, Business, Accounting, Business Skills and Marketing.
Accurate pricing protects your profits and keeps your products competitive. In this course, instructors Jim and Kay Stice explore cost-based pricing strategies that account for the costs associated with creating products, from materials to man hours, as well as overhead and R&D. Discover how the cost-plus model used in government contracts can provide a baseline for your business, and explore alternatives such as loss leaders and bundling. Then learn how to account for the production constraints for special orders and use forecasting to determine stable long-term prices. Finally, learn how transfer pricing can affect internal performance metrics and international income tax planning, and how activity-based costing allows companies to charge more for products or customers with greater demands.
- Cost-based pricing for custom products
- Cost-plus pricing
- What counts as a cost?
- Fixed costs vs. variable costs
- Short-term and long-term pricing
- Transfer pricing
- Accounting for overhead costs