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Profitability
Actual Costs are costs which have occurred and can be reliably measured. Budgeted Costs are costs which have been estimated, possibly by using Forecasted Costs.
One similarity between standards and budgets is they are both predetermined costs. A major difference is that companies can report inventories using standard costs but not budget costs.
Imputed costs do not appear in the historical cost accounting records for financial reporting. The actual cost incurred is recorder and is called a book cost.
a semi fixed cost moves upward in a step where semi variable cost begining at a given base level
difference between revenue and costs
Profitability
shut up u neek
They are synonyms.
Actual Costs are costs which have occurred and can be reliably measured. Budgeted Costs are costs which have been estimated, possibly by using Forecasted Costs.
No. But: ATC = AVC + AFC Or TC = VC + FC
There is really no difference .Except that the other on costs more
Average total cost is the average of all your costs. This is your Fixed Costs and your Variable costs. Average Variable Cost is the average of your costs that can fluctuate.
One similarity between standards and budgets is they are both predetermined costs. A major difference is that companies can report inventories using standard costs but not budget costs.
Profit
Kgb costs money. ChaCha is a free service. :)
You don't fire variable costs