Methodology for Estimation of Variable Cost, Joint Costs and Profit for Individual Products in Retail Food Stores

Terry L. Crawford and J. Gerald Feaster

No 284491, 1974 Annual Meeting, August 18-21, College Station, Texas from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: The general objective of the paper can be summarized as developing a methodology for relating retail store cost and profits to individual products. Specifically procedures are formulated for deriving estimates of: 1. Margin, cost, and profit components for the total store. 2. Margin, cost, and profit components for five departmental breaks, 3. Margin, cost, and profit components for selected individual products. To satisfy this objective, the approach was to develop an integrated set of data which bridges a firm's data and information relating to a specific product. Other alternatives were also considered for allocating joint costs. Specifically, percent of sales, percent of gross margin, equal profitability, and others.

Keywords: Marketing (search for similar items in EconPapers)
Pages: 12
Date: 1974-08
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/284491/files/19-00105AAEA_0177.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea74:284491

DOI: 10.22004/ag.econ.284491

Access Statistics for this paper

More papers in 1974 Annual Meeting, August 18-21, College Station, Texas from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().