What is Step / Slab Costing ????
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What is Step / Slab Costing ????
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Step cost :
Definition 1
Fixed cost that increases to a new level in step with the significant changes in activity or usage.
Definition 2
Cost that is relatively fixed over a small volume or range of activities but is variable over a large range or volume.
I have not read about slab cost, however, it must be the another name of step cost only.
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