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When is cost analysis required?

Updated: 8/21/2019
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Q: When is cost analysis required?
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Related questions

When will a cost analysis be done?

when will a cost benefit analysis be done


When will a cost benefit analysis be done?

when will a cost benefit analysis be done


What characterizes cost-benefit analysis?

Cost-benefit analysis is rational.


What is the difference between functional cost analysis and engineering cost analysis?

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What do you understand by cost-benefit analysis and what are its uses and limitations?

What do you understand by cost analysis


What is the importance of a cost analysis?

A cost benefit analysis balances cost of the action against the benefits one expects from it.


When an offeror is required to provide certified cost or pricing data should be used to verify that the overall price offered is fair and reasonable.?

price analysis


What are the differences between cost volume profit analysis and break even profit analysis?

there no difference between break even profit analysis and cost volume profit analysis


What is the cost volume profit analysis?

cvp is the analysis that deals with how profits and cost change with a change in volume


Types of Cost-benefit analysis methods?

One type of cost-benefit analysis is cost minimization. This is where one determines the least costly alternative. Cost-of-illness analysis takes the economic impact of illness into account.


What does Standard cost card shows in cost accounting?

Standard Cost Card shows that how much standard cost of direct material, direct labour and manufacturing overheads and other costs are required to manufacture product or service and it is helpful in control stage and variance analysis.


What is the definition of a business cost analysis?

A cost benefit analysis is done to determine how well, or how poorly, a planned action will turn out. Although a cost benefit analysis can be used for almost anything, it is most commonly done on financial questions. Want to know whether that new machine is worth the cost? Do a cost benefit analysis. Not sure whether that proposed marketing campaign is a good idea? Do a cost benefit analysis. Worried about which health care plan to select for your employees? Do a cost benefit analysis. It's a great tool.