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Discretionary Cost:
Cost such as that of advertisement, research and development that a manager may eliminate without disrupting the firm's operations or affecting its productivity capacity in the short run
Engineered Cost:
This is the cost which have direct relation with cause or activity like direct material, direct labor etc.
What else can I help you with?
What are 2 non-discretionary expenses?
transportation costs entertainment
The positive difference between revenue and costs?
Profitability
What is the difference between actual costs and budgeted costs?
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.
The similarities and differences between standards and budgets?
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.
What items would be paid for with discretionary income?
Anything can be paid for with discretionary income. That's what makes it discretionary. "Discretionary income" isn't a real "thing". It's actually all just income. "Discretionary" income refers to what's left over after you've paid for necessities: food, water, shelter, taxes, "fixed costs", things like that. So, probably the item among the following that isn't actually a NEED is the one the question is looking for.
What are non discretionary expenses?
transportation costs entertainment
In accounting profit is the difference between what?
difference between revenue and costs
What are 2 non-discretionary expenses?
transportation costs entertainment
What are the advantages of discretionary costs?
Discretionary cost is an expenditure that eliminated if needed based on judgement. This type of expenditure would have little or no effect on profit which is an advantage to the company.
The positive difference between revenue and costs?
Profitability
Is it true of false that profit is the difference between earned income and costs?
True. Profit is defined as the difference between earned income (revenue) and costs (expenses). If income exceeds costs, a profit is generated; if costs exceed income, a loss occurs.
What is the difference between start up costs and variable costs?
shut up u neek
What is the difference between operating costs and revenue expenditure?
They are synonyms.
What is the difference between actual costs and budgeted costs?
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.
What is the difference between fancy and regular ketchup?
There is really no difference .Except that the other on costs more
Are Fixed costs are the difference between total costs and average variable costs?
No. But: ATC = AVC + AFC Or TC = VC + FC
What is the difference between average total costs and average variable costs?
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.
