0
Understanding cost behavior is important because it helps businesses make better decisions regarding pricing, production levels, and budgeting. It provides insights into how costs change in relation to changes in business activities, enabling better cost control and financial planning. By knowing how costs behave, businesses can optimize their operations and profitability.
Add your answer:
Earn +20 pts
Why behavior is important for human being?
Behavior is important for human beings because it shapes how we interact with others, achieve our goals, and navigate our daily lives. By exhibiting positive behaviors such as respect, empathy, and cooperation, we can build strong relationships, succeed in our careers, and contribute positively to society. Understanding and modifying our behavior allows us to grow, learn from experiences, and adapt to different situations effectively.
What is 'reflective behaviour'?
Reflective behavior refers to the ability to think about and analyze one's own thoughts, feelings, and actions. It involves self-awareness, introspection, and the capacity to learn from past experiences in order to make informed decisions and improve oneself. It is an important skill for personal and professional growth.
What is a good behaviour and bad behaviour?
Good behavior generally involves being respectful, kind, honest, and considerate towards others. Bad behavior often involves being disrespectful, dishonest, mean, or inconsiderate towards others. It is important to strive for good behavior in order to maintain positive relationships and contribute to a harmonious society.
Why is it important for teenagers to invistigate and be knowledgeable of risk behaviour?
It is important for teenagers to investigate and be knowledgeable about risk behaviors because it helps them make informed decisions, understand potential consequences, and develop critical thinking skills. This knowledge empowers them to navigate challenging situations and avoid potential harm.
Why is it important for teenagers to investigate and be knowledgeable about the risk behaviour?
It is important for teenagers to investigate and be knowledgeable about risk behaviors so they can make informed decisions and understand the potential consequences. Being aware of these behaviors can help them avoid risky situations and make healthier choices for their well-being and future.
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 is difference between formal and functional grammar?
Functional grammer is rule governed behaviour . And knowing the language . Formal grammer is formal learning and knowing about the language.
What mean cost behavior?
cost behaviour means if there is any changes in activity the total cost cost will also be changed accordingly.
What are the three characteristics of activity Based costing?
The important characteristics of ABC are noted below: v 1)Simple traditional distinction made between fixed cost and variable cost is not enough guide to provide quality information to design a cost system. v 2)The more appropriate distinction between cost behaviour patterns are volume(scale) related, diversity(scope) related, events(decisions) related and time related. v 3)Cost drivers need to be identified. A cost driver is a structural determinant of cost related activity. The logic behind is that cost drivers dictate the cost behaviour pattern. In tracing overhead cost to product, a cost behaviour pattern must be understood so that appropriate cost driver could be identified.
What are the characteristics of Activity base costing?
The important characteristics of ABC are noted below: v 1)Simple traditional distinction made between fixed cost and variable cost is not enough guide to provide quality information to design a cost system. v 2)The more appropriate distinction between cost behaviour patterns are volume(scale) related, diversity(scope) related, events(decisions) related and time related. v 3)Cost drivers need to be identified. A cost driver is a structural determinant of cost related activity. The logic behind is that cost drivers dictate the cost behaviour pattern. In tracing overhead cost to product, a cost behaviour pattern must be understood so that appropriate cost driver could be identified.
Why would the study of normal behavior be more important to the science of psychology than an understanding of abnormal behavior?
Studying normal behavior provides a baseline for understanding psychological functioning and development. It helps in identifying what is considered typical or healthy in human behavior, which is essential for comparison and diagnosis of abnormal behavior. Additionally, studying normal behavior contributes to the promotion of mental health and well-being.
What is the name of a 100000000000000 sided shape?
Knowing its name is not important but what's more important is knowing how to work out its properties.
What is the most important thing of human life?
The most important thing in human life is subjective and varies for each individual. However, common themes often include love, relationships, personal growth, and contributing to the well-being of others and society. Ultimately, finding a sense of purpose and fulfillment is key to a meaningful life.
What does consumer behavior mean?
what are the important of consumer behaviour to the shopping
Why is knowing about global warming helpful?
If we understand the causes and effects of global warming then we can change our behaviour to reduce these effects. We can also talk to our friends and family so that more people can spread the message to change our behaviour.
What is the name of a 1000001 sided shape?
It's not important knowing its name but what's more important is knowing how to work out its properties
Why is parental care behavior important?
it is important because their children need to follow their parents behaviour.
