Monitoring a new market for goods and services begins with marketing research, which, among other results, should provide the customer with a parameter that economists call the weighted average price.
Instructions
Step 1
The price of a certain type, which is calculated by dividing the total amount of all transactions with a specified financial instrument for a specific period of time, by the total number of financial instruments for specific transactions, is called the weighted average price.
Step 2
The weighted average is important in all areas of the economy. In accounting, the weighted average cost at the end of the month is used. It is calculated as "Balance at the beginning of the month" + "Income for the whole month". Remember the formula by which the weighted average price is calculated looks like this: P1 x X1 + P2 x X2 + … + PNx XN, where X1, X2 … XN are the prices at which consignments of goods of the same category were sold for a short period of time (for example, one quarter); P1, P2 … PN - “volume” of goods sold at set prices.
Step 3
It is better to consider this definition with a specific example. Imagine an organization that sold 15 caps per quarter in three lots at different prices over the course of a year. For the first batch, she sold 5 pieces of caps at a price of 330 rubles (excluding VAT), with a price of 64 rubles per piece. For the second batch, I sold 6 pieces at a price of 430 (excluding VAT), at a price of 70 rubles for 1 piece, and for the third batch, sold 3 pieces at a price of 240 rubles (excluding VAT), at a price for 1 piece at 80 rubles. Now calculate weighted average price: 64 rubles x 5/15 + 70 rubles x 6/15 + 80 rubles x 3/15 = 65 rubles.
Step 4
The volume of goods sold at a set price is defined as the ratio of the number of goods to the total number of goods sold during a certain period of time (for example, one quarter) of goods. Based on this formula, you can calculate the average value of prices in different areas of the economy. It remains to substitute only the required values
