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What is the distinction or differences between an incremental cost and sunk cost?
Wiki User
∙ 11y ago
incremental cost are defined as the change in overall cost that result from particular decision making. it include both fixed cost and veriable cost.
sunk cost are those cost which are made once and for all can't be altered incremental or decreased by varying the rate of output, nor can they be recovered.
for example - once it is decided to make incremental investment expenditure and the fund are allocated and spend
Wiki User
∙ 11y ago
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What are the differences between direct cost and indirect cost in management accounting.?
what are the differences between direct cost and indirect cost in financial accounting
Costs that were incurred in the past which are never incremental costs are called?
sunk cost
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Should financing cost be included as an incremental cash flow in capital budgeting analysis?
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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 differential cost and incremental cost?
There is no difference
What are the differences between direct cost and indirect cost in management accounting.?
what are the differences between direct cost and indirect cost in financial accounting
Difference between inrimental cost and variable Cost?
Variable cost is that cost which changes with level of production while incremental cost is that extra cost which increased due to change in alternative products or from selecting one product to another product.
What is incremental cost?
It is the cost of one unit of item that marginally increases the profit base of a transaction.
What is the distinction between relevant cost and irrelevant cost?
Relevant cost is that cost which is necessary for the underlying decision in decision making process while irrelevant cost is not necessary to be decision to be made.
Costs that were incurred in the past which are never incremental costs are called?
sunk cost
What does incremental cost means?
the increase or decrease in cost as a result of one more or one less unit of output.
What is incremental concept?
The Incremental concept is estimating the impact of a business decision on costs and revenues, tressing the changes in total cost and total revenue that result from changes in prices, products, rocedures, investments, or whatevrmay be at stake in the decision. The two basic concepts in this analysis are incremental cost and incrementa revenue. 1.The change in total cost resulting from a decision. 2.The change in total revenue resulting from a decision.
What is the differences between standard cost and marginal cost?
The main difference between standard cost and marginal cost is that in standard cost a target is set and in marginal cost there is no target set. Marginal cost is the change of the total cost due to the quantity produced.
Explain the differences between value-based pricing and cost-based pricing?
cvbvb
What are the similarities and differences between cost benefit analysis and cost effectiveness analysis?
These are essentially the exact same thing. There really aren't any differences. This is just a different way of saying deciding what is most cost effective for your business.
What are the main differences between expensive and inexpensive web cams?
One of the doesn't cost as much.
