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:
“One fellow I was dating in medical school ... was a veterinarian and he wanted to get married. I said, but youre going to be moving to Minneapolis, and he said, oh, you can quit and Ill take care of you. I said, Go.”
—Sylvia Beckman (b. c. 1931)
“Its not that we want the political jobs themselves ... but they seem to be the only language the men understand. We dont really want these $200 a year jobs. But the average man doesnt understand working for a cause.”
—Jennie Carolyn Van Ness (b. c. 1890?)
“Keeping accounts, Sir, is of no use when a man is spending his own money, and has nobody to whom he is to account. You wont eat less beef today, because you have written down what it cost yesterday.”
—Samuel Johnson (17091784)