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.
transportation costs entertainment
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.
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.
transportation costs entertainment
difference between revenue and costs
transportation costs entertainment
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.
Profitability
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.
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.
There is really no difference .Except that the other on costs more
No. But: ATC = AVC + AFC Or TC = VC + FC
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.