Definition – Direct Cost The cost which is directly attributable/traceable/chargeable to a specific product or service is called direct cost.…
Following articles are included in this category. What is a cost? What is a cost unit? What is a cost…
Step fixed costs are those costs which remain constant or do not change within a certain range of production level/…
Semi variable costs are a mixture of fixed costs and variable costs. It has two components: One that varies with…
Fixed costs are costs that are not related to the level of activity and which do not increase or decrease…
Variable costs are costs that are related to the level of activity and which increase or decrease with the corresponding…
Fixed costs are costs that are not related to the level of activity and which do not increase or decrease…
Costs of manufacturing goods is called factory cost. This concept is used for valuation of goods which is needed to…
Costs that can be directly traced or linked to a specific cost unit are called prime costs. The prime costs…
Investment center is a segment of an organization given the responsibility for its own revenues, costs and capital investments. It…