costing
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Querist : Anonymous
Querist :
Anonymous
(Querist)
22 January 2010
this is a question from classification of costs-
what is opportunity cost, shutdown cost, historic cost, predetermind cost ? please give answer in your words with example.
what is opportunity cost, shutdown cost, historic cost, predetermind cost ? please give answer in your words with example.
22 January 2010
opporunity cost- cost arising due to considering or not cosidering the alternative action
Shutdown cost- The cost of Shoutdown the factory during recession period comparing running the factory
Historic cost- Cost based on the expenses accounted in books
Predetermined cost- Determining cost before the action
Shutdown cost- The cost of Shoutdown the factory during recession period comparing running the factory
Historic cost- Cost based on the expenses accounted in books
Predetermined cost- Determining cost before the action
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