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Cost classification refers to different kinds of existing costs in Economics.
In microeconomic theory, there are opportunity costs, fixed and variable costs, as well as sunk costs and production costs.
In accounting and management theory, costs can be direct and non-direct. There are also transferring costs and sunk costs (as in Microeconomics).
Wiki User
∙ 16y ago
Wiki User
∙ 9y agoThere are a number of problems associated with cost classification. The most common problem is having imbalanced classification which seems to favor a particular class.
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Limitations of cost accounting?
what are the limitions of cost classification what are the limitions of cost classification what are the limitions of cost classification
What are the advantages and disadvantages of cost classification?
the disadvantages of cost classification
What are the advantages of classification and disadvantages?
the disadvantages of cost classification
Is mixed cost a cost classification?
your stupied.,,..
What are the classification of cost accounting and each meaning?
Classification of costs
Importance of cost classification?
The importance of cost classification to a business should not be underestimated. Cost classification is important because it makes it easier to gather the methods used for accumulating cost data. It also maintains effective supervision in a company.
Cost classification chart?
Identify the class IV cavity classification
Briefly explain what is classification of cost?
Classification of cost is where expenses are divided into categories that include variable costs, fixed costs, material costs. These costs relate to business activities.
What are the Classifications of cost accounting?
what are the various classification of cost accounting?
What are the Four classification of cost?
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What are the various classifications of cost accounting?
what are the various classification of cost accounting?
Which of the following costs are included in the cost classification that is based on the relationship between total cost and volume of activity?
Varable cost and fixed cost
