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Actual Cost: The original cost that is involved in manufacturing a good or providing a service is said to be an initial cost to the company. To know more about the actual cost, buy our cost accounting assignments.
Opportunity Cost: The cost of the commercial endeavor that was not undertaken to produce the goods & services can be termed as an opportunity cost. In simple words, the opportunity cost is the value of the opportunities lost. To get detailed information about this concept, reach out our Cost Accounting experts now.
Sunk Cost: The costs which do not alter because of the nature of business activity are called sunk cost. If we go by our cost accounting assignment experts, then cost accounting is also known as an inescapable or unavoidable cost.
Incremental Cost: Incremental costs are totally opposite of Sunk Costs. The costs that increase or vary according to the change in business activities are called incremental costs. To know more about this space, get in touch with our cost accounting assignment help experts now.
Explicit Cost: Explicit Costs are also called paid out costs; they are basically those costs which are genuinely paid by the firm. Go for our cost accounting assignment help to know more.
Implicit Cost: The costs that are not shown on the account books of the company but still can influence a significant business decision of the company is called implicit cost. For more information, you can anytime choose to buy cost accounting assignments from us.
Book Cost: The costs which are not paid directly but some provisions are made to those costs in profit and loss statements can be identified as Book Cost. Avail our cost accounting college assignment help and get the best work done.
Accounting Cost: They are basically the outlay costs that have incurred on a specific process or production already.
Economic Cost: Future costs that are not yet sustained but still play a major role in business decisions are called economic costs. If you want to learn more in this regard, you can always take the help of our cost accounting experts.
Direct Cost: The costs which have a direct relation with the unit of manufacture/ operation are called direct costs. You can always refer to our cost accounting experts for detailed information regarding this topic.
Indirect Cost: The costs which are related to the production process but cannot be directly accountable to the cost object are called indirect costs. To know more about it, you can anytime avail our cost accounting services.
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