Classification of costs with examples and
describe how costs can be classified giving examples in each classification. explain how the different cost classifications can assist management in decision making
What do you mean by the term position analysis in a business? Briefly illustrate it.
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Avoidable Cost: The cost related with an activity which would not be acquired if the activity were not executed.
The amount of interest that an organization would have avoided if it had not made the expenditures for an asset. Avoidable interest is calculated when an entity is self- constructing an asset. The cost of the asset can include material, labor, and overhead plus some interest. The c
Activity-Based Costing: It is a cost accounting process that measures the cost and performance of process related activities and cost objects. It assigns cost to cost objects, like products or customers, based on their utilization of
Write a short note on Not-for-profit organizations?
Write a short note on the changing responsibilities of the management accountant?
A form of long-term debt that appears in the liabilities section of the balance sheet. A company sells bond as a way to borrow large amount of cash. The buyer pays for the bond and receives regular interest payment, annually or semiannually, for the duration of
Write a brief note on the things which Threats to business comprises?
What do you mean by the term key performance indicators or KPI? Explain in brief?
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