Moving Average Cost
Moving average cost (MAC) is a slight permutation of the above, with the average being calculated from the previous average and new price.
Read more about this topic: Cost Price, Forms, Average Cost
Famous quotes containing the words moving, average and/or cost:
“The women made a plan to dig their own graves and they said, We will stand beside our graves because we are not moving from here. You can shoot and we will lie in our land forever.”
—Sheena Duncan (b. 1932)
“Always remember that a child doesnt have to be average to be normal. Children with very different temperaments can be equally successful.”
—Lawrence Kutner (20th century)
“If music in general is an imitation of history, opera in particular is an imitation of human willfulness; it is rooted in the fact that we not only have feelings but insist upon having them at whatever cost to ourselves.... The quality common to all the great operatic roles, e.g., Don Giovanni, Norma, Lucia, Tristan, Isolde, Brünnhilde, is that each of them is a passionate and willful state of being. In real life they would all be bores, even Don Giovanni.”
—W.H. (Wystan Hugh)