answersLogoWhite

0


Best Answer

Fees

Charges

Expenditures.

Try http://thesaurus.reference.com/

User Avatar

Wiki User

14y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What are the various terms used to describe costs?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Accounting

What terms can be used to describe money that is earned by government when it levies taxes?

revenue


Is A differential cost a variable cost?

No they are not the same things. Differential costs are ones that differ between different alternatives. Differential costs are used interchangeably with the terms avoidable, incremental, and relevant costs. However, variable costs are simply ones that vary with different activity levels. They do not necessarily differ between alternatives.


What is the difference between full costing and full absorption costing?

The two terms are different names for the same costing technique. Full cost refers to the principle that all overheads, fixed and variable, should be treated as product costs and be absorbed, or allocated, to cost objects. Cost objects can be various items but typically are units of product or service. This principle is distinct from variable costing in which fixed costs are considered to be period costs rather than product costs, and as such are not allocated to products. Product costs are used to value stocks of unsold products and cost of production so the selection of basis, full cost or variable cost, will affect the profit of individual products and influence management decisions.


What is the difference between process costing and operation costing?

Process costing and operational costing systems are used in accounting, usually in relation to the manufacturing sector. Both refer to the costs of production, but they differ in terms of methodology and application. Process costing is used in industries where the products are all basically the same, such as bricks or cement. Operational costing, on the other hand, is used in industries where the products are similar but may have some variation in terms parts or the quality of materials.


What is the difference in how future costs and past costs are used by companies?

Future cost versus past cost. Effective decision making analyzes only present and future outlay costs, or out-of-pocket costs. Optimal decisions result from using future costs, whereas financial reporting uses past costs.

Related questions

What are smuggled goods called?

There are various terms that could be used to describe goods that have been smuggled. For example, it could be called contraband.


What terms literally means group name and is used to describe the way various groups of organisms are named in a classification scheme?

taxonomy


What are the electronic equipments used in multiplexes?

describe various electronic equipments used in multiplexes describe various electronic equipments used in multiplexes


What terms is used to describe an if-then statement?

conditional


What 3 terms are used to describe motion?

Two of the terms are speed and direction.


What is the term that is used to describe the shape of a muscle?

The terms used to describe the shape of a muscle are; deltoid and rhomboid.


What are the terms used to describe the weight of marijuana?

grams


Smooth and striated are terms that can be used to describe?

Muscle.


What are 3 terms used to describe such as cows?

yyyyyyyyyyyyyyyeeeeeeeeeeeeeeeeeeeeeeeeeeeeee


What terms are used to describe physical challenges?

mentallydisordered


Earthy shiney waxy mattalic and pearly are terms used to describe a mineral's what?

Earthy shiney waxy mattalic and pearly are terms used to describe a mineral's surface.


What terms are used to describe the countries of belguim the Netherlands and Luxembourg?

'BeNeLux' is the term that is used to describe Belgium, the Netherlands and Luxembourg.