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Elaborate the cost concept is important for decision making?
Cost concept for Decision making ?
Role of cost accounting in managerial decision making?
Role of cost accounting in managerial decision making?"
What is the difference between relevant cost and irrelevant cost?
Relevant cost is that cost which is required for the specific decision making process or the cost which will be change due to specific decision while irrelevant cost has no concern with decision making or any specific decision.
Is fixed cost the same as sunk cost?
Sunk cost is that cost which is incurred in past so in decision making process any cost which is incurred in past has no effect on future events and due to which all fixed cost which are also incurred in past has no effect in future that's why it is not relevent for decision making process, so for decsion making point of view yes fixed cost is sunk cost.
What is the cost of making a baseball?
$2.99
What is inventory cost?
Inventory cost is the cost for making of saleable goods to customers and include following items Material cost labor cost overhead cost
What is the difference between unit cost and cost per unit?
nit cost is the average cost of making a product and cost per unit is the marginal cost
What role does the cost of capital play in the financial decision making of the firms top managers?
What role does the cost of capital play in the financial decision making
How do you price a cookie?
Generally you would take the cost of the ingredients, the cost of making the cookies (such as electricity for the oven), and the salary of the people making the cookie, then double that.
How do the cost relationships and behaviors at Guillermo determine decision-making prerogatives for the manager?
How do the cost relationships and behaviors at Guillermo determine decision-making prerogatives for the manager?
Why is the cost of capital concept so important?
Cost of capital is cost of debt and cost of equity. The concept of cost of capital is important as it depicts the opportunity cost of making a specific investment.
Does management accounting deals only with cost?
No they deal in making report which would be helpful for managers in making decision which would be helpful for firms future. Cost accountants on the other hand deals only with cost.
