Certain costs are useful for decision making. Others can be used for measurement purposes and historical accounting. In business, when...
type of cost
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...
In other to aid decision within a short time, management has to understand which costs are relevant and irrelevant. But...
Cost is an expense incurred for a particular item or event. Various cost classification had been explained in this blog....
