An exertion for achieving a set goal is known as effort. The term effort refers to the specific and quantifiable count and/or measure of definable labor units that it is deemed are to be required in the attempts to arrive at completion of a phase (or of the entirety) of a particular schedule activity and/or work breakdown structure component, a distinct control account, or the project as a whole.
If opportunity cost per barrel is $45 per unit, incremental cost per barrel is $65, then minimum transfer price will be
Method of pricing, when two separate pricing methods are used to price transfer of products from one subunit to another, is called dual pricing. Dual pricing is a situation in which the same product or service is sold at different prices in different markets.