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Some fun activities to do with friends that doesn't cost any money would be to get together and play Board Games such as Scrabble or monopoly. Another way to have fun without costing money would be to play card games such as bridge.

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12y ago

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Difference between avoidable cost and unavidable cost?

Avoidable Cost = These are those costs which can be avoidable by doing or not doing any particular activity For Example :Direct CostsUnavoidable Costs = These are those costs which are not avoidable whether do or donot initiate any activity For example: Fixed CostBut sometimes fixed costs are also avoidable or unavoidable by doing or not doing any activity in these cases fixed costs are also avoidable costs.


What is a budget labor cost?

Budgeted labour cost is an expected or standard labour cost to perform any activity. In budgeting process budgeted cost for doing every activity is calculated before so that it would be helpful in control or evaluation stage to check whether expenses are according to budget or not and if not then what's the reasons.


What is the importance of cost behavior.?

Cost behaviour is associated with learning how costs change when there is a change in an organization's level of activity. The costs which vary proportionately with the changes in the level of activity are referred to as variable costs. The costs that are unaffected by changes in the level of activity are classified as fixed costs. The understanding of cost behaviour is very important for management's efforts to plan and control its organization's costs. Budgets and variance reports are more effective when they reflect cost behaviour patterns. The understanding of cost behaviour is also necessary for calculating a company's break-even point and for any other cost-volume-profit analysis.


What types of businesses could benefit from activity based costing?

Any company providing a "dynamic" good, where the methods are changing could benefit from activity based costing. Goods and services which always have the same overhead cost do not need such a schematic.


What is delinquency cost?

Delinquency Cost refers to Debtors related cost i.e. to recover money, making phone calls, sending reminders to them or any other cost incurred on account of interaction with them to recall as to account balance. Thus, Follow-up debtors cost is called Delinquency Cost.