Utility revenue divided by utility sales. Average cost typically includes the costs of existing power plants, transmission and distribution lines, and any additional facilities used by the utility in behalf of the customer.
(a) Total cost divided by the quantity of output; also called average total cost. (MY)(b) Short-Run Average (Total) Cost ( SRAC) = fixed (AFC) + variable (AVC) cost per unit output; or, Long-Run Average Cost ( LRAC) = total cost per unit output (all factors variable in the long-run). (HHC)
This is the average cost of the item being allocated. This is taken from the item pricing file for the specified item. It must correspond with the unit of measure and pack multiple and is not adjusted in Allocation Adjustments.
One of three methods to determine the cost basis of the mutual fund shares you sell. Under this method, you determine the average price of all your shares, including those purchased with reinvested dividends and capital gains. That price becomes your cost basis. In the How-To Pick the Best Mutual Fund Guide, we practice calculating the cost basis for your fund.
The revenue requirement of a utility divided by the utility's sales. Average cost typically includes the costs of existing power plants, transmission, and distribution lines, and other facilities used by a utility to serve its customers. It also includes operations and maintenance, tax, and fuel expenses.
In economics, average cost is equal to total cost divided by the number of goods produced (Quantity-Q). It is also equal to the sum of average variable costs (total variable costs divided by Q) plus average fixed costs (total fixed costs divided by Q). Average costs may be dependent on the time period considered (increasing production may be expensive or impossible in the short term, for example).