AVERAGE COST Definition

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AVERAGE COST is total cost for all units bought (or produced) divided by the number of units.

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PERCENTAGE DESIGN, in construction, is the percentage expended for design and construction management services in proportion to total construction.

ADVERSE OPINION is expressed if the basis of accounting is unacceptable and distorts the financial reporting of the corporation. If auditors discover circumstances during the course of the audit that make them question whether they can issue an unqualified opinion, they should always discuss those circumstances with the client before issuing the opinion, in order to determine whether it is possible to rectify the problem.

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