COST COCEPTS
This query is : Resolved
RAJESH SACHDEVA
(Querist)
22 February 2011
Differece Beetween Total cost and Absolute Cost
CMA Ramesh Krishnan
(Expert)
23 February 2011
Hi, please elaborate your query
RAJESH SACHDEVA
(Querist)
24 February 2011
Sir i was just willing to know as if there is any difference between Total cost and Absolute cost OR They both are the same ?
CMA Ramesh Krishnan
(Expert)
24 February 2011
As per my understanding of your query, my reply
1. Absolute cost may treated as direct cost for the particular product or service
2. Total cost will include the direct, indirect cost & overheads also
1. Absolute cost may treated as direct cost for the particular product or service
2. Total cost will include the direct, indirect cost & overheads also
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