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:
“With varying vanities, from evry part,
They shift the moving toyshop of their heart;”
—Alexander Pope (16881744)
“The average Kentuckian may appear a bit confused in his knowledge of history, but he is firmly certain about current politics. Kentucky cannot claim first place in political importance, but it tops the list in its keen enjoyment of politics for its own sake. It takes the average Kentuckian only a matter of moments to dispose of the weather and personal helath, but he never tires of a political discussion.”
—For the State of Kentucky, U.S. public relief program (1935-1943)
“One must always be aware, to noticeeven though the cost of noticing is to become responsible.”
—Thylias Moss, African American poet. As quoted in the Wall Street Journal (May 12, 1994)