he Goal: A Process of Ongoing Improvement by Eli Goldratt and Jeff Cox.

I’ll summarise the story contained in The Goal, bringing out some of the basic principles of the theory of constraints and throughput accounting

n the second article, I’ll talk you through a practical approach to questions on throughput accounting

conventional costing attempts to work out the cost of producing an item incorporating the costs of resources that are currently used or consumed

However, whether conventional overhead treatment or ABC is used the overheads incorporated are usually based on the budgeted overheads for the current period.

conventional costing attempts to work out the cost of producing an item incorporating the costs of resources that are currently used or consumed

As a beginner, you can simply track the general direction of the price on the chart and open Buy orders when it goes up or Sell orders when it goes down.

Margin is the amount of money a trader needs to have so that he or she can use leverage

first understand the meaning of leverage and margin

Then, they should start trading with the minimum available leverage

The marginal cost is the additional costs caused when one more unit is produced.

To say that the cost of producing a unit consists of marginal costs only will understate the true cost of production and this can lead to problems.

to assume that the various cost types can be lumped together and a single overhead absorption rate derived