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 are the importance of cost sheet?
The importance of cost classification to a business should not be underestimated. Cost classification is important because it makes it easier to gather the methods used for accumulating cost data. It also maintains effective supervision in a company.
With more information about cost behavior managers can determine what products can be produced to maximize profits. This knowledge will help the organization build value for shareholders.
Chicken Sandwitch with curry < How immature.
The cost requires a specific sum of money before it can be acquired. Value can be the monetary worth of something which is not necessarily the cost and, in addition, refers to quality, attitude, importance and usefulness. If you place a particular value on something, that refers to the importance or usefulness you think is has
what do you mean by consumer;s behavior give its importance in ecomonics
what are the importance of cost sheet?
needs and importance of organisation behaviour
Importance of cost control in project management?
how much does mindless behavior headphones cost
"http://wiki.answers.com/Q/What_are_the_importance_or_contribution_of_human_behavior_in_an_organization"
i have to answer this for mr.nelson :/
The traditional income statement organizes costs on the basis of cost behavior
Nice
over 1000
underestimating the variability of behavior.
explain the importance of consumer behaviour in marketing view?