What is a "Costs"? The Most Authoritative Explanation.
What is an example of a cost?
Costs are payments that a business must make in order to obtain the resources that they need to provide goods and services to customers. For example, a hairdressing salon will need premises, equipment, electricity and staff before they can begin to offer a hairdressing service to their customers.What are direct costs?
Direct costs are related to producing a good or service. A direct cost includes raw materials, labor, and expense or distribution costs associated with producing a product. The cost can easily be traced to a product, department, or project. For example, Ford Motor Company ( F) manufactures cars and trucks.What are fixed costs?
Fixed costs are those that a business must pay irrespective of how many goods they make or how many customers they serve. Examples of fixed costs include: Even if a business produces no goods, or provides no services, it will still have to pay these costs.What is cost accounting?
Cost accounting is an accounting process that measures all of the costs associated with production, including both fixed and variable costs. The purpose of cost accounting is to assist management in decision-making processes that optimize operations based on efficient cost management. The costs included in cost accounting are as follows:
Related Articles
You must know some knowledge about cell phone jammer.Radiocommunication Act (R.S.C., 1985, c. R-2)
Abusing GPS jammers can be very dangerous.
Tags 25355
Bestseller
-
1. Anti Track Vehicle Car GPS Signal Blocker Jammer 10 Meters
$30.60
$25.50 -
2. Broad Spectrum Mobile Phone Signal Jammer
$51.00
$30.60 -
3. In Car Use GPS Signal Jammer Blocker
$30.60 -
-
