cost discriptors
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Title: cost discriptors

Essay Details:

Subject: Business
Author: Jeanne A
Date: April 1, 2016
Level: University
Grade: A
Length: 2 / 331

Essay text:

Managers often need to be able to predict how costs will change in response to changes in activity. The activity might be the output of goods or services or it might be some measure of activity internal to the company such as the number of purchase orders processed during a period. This paper will discuss the categories of variable, fixed, mixed, indirect, direct, differential, opportunity and sunk costs. Cost as it relates to the financial statement. Costs are generally categorized as variable or fixed for purposes of cost behavior. For purposes of costs to objects such as products or departments, costs are classified as direct or indirect...

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