Pre production cost is any cost incurred before actual production takes effect. This term should not be confused with preliminary...
type of cost
Big companies don't joke with research and development. R&D costs are an important expense covering an average of 3.5 percent...
Discretionary or policy costs are special kinds of expenses or expenditures. It is also one that can be avoided in...
Future costs are those costs expected to be incurred in another accounting period. These costs are usually determined by management...
A key type of cost that is often overlooked by decision-makers is opportunity costs. This cost helps you observe various...
No business plans to remain stagnant. This results to the need to increase the number of output sold at every...
Certain costs are useful for decision making. Others can be used for measurement purposes and historical accounting. In business, when...
When cost is abnormal, it is definitely going against management wishes. Although, such expenses can be avoided most times. It...
Certain costs which are unavoidable are expenses expected to occur. If this is true, it can be referred to as...
If management takes a decision against a project, it is expected that the costs involved on that project are completely...
