Cost is important to business owners and managers. To earn revenue, costs must be incurred. So far, various types of...
Elements of costs
In making decisions only costs that are relevant to it are considered. However, this does not mean that the costs...
Controllable costs are always within the control of a particular department head. However, for non-controllable cost, the department head may...
Costs in performance management or cost accounting can be explained in a variety of ways. This is based on various...
So far, we have discussed various cost classification. However, there is more to write on. In this article, cost behavior...
The cost has been classified according to its elements. Next, we will consider cost according to behaviour. Examining cost according...
Costs are usually incurred in the normal day to day business activities. In any business type, some costs are closely...
In the previous lesson, the elements of cost were summarised. However, during the course of the lesson, the focus was...
Cost accounting generally deals with the cost of producing goods and rendering services. Knowledge of this cost can help businesses...
