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प्रश्न
Explain the following:
Differential cost
उत्तर
Differential cost means the change in cost due to a change in the method of production. It is useful in choosing the best alternative. It helps management to know the savings in cost that can be achieved by using idle capacity or by changing the technology.
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संबंधित प्रश्न
Abnormal costs are not recorded as part of production cost. Justify for or against.
Distinguish betwen implicit costs and explicit costs.
Give one difference between product cost and period cost.
"The cost of sugarcane is an avoidable cost." Justify for or against.
State one difference between Historical costs and Predetermined costs.
Write short notes on opportunity costs.
Explain the following with an example:
opportunity cost.
Explain the following:
Out of pocket cost.
Explain the following:
Notional or imputed cost.
Explain the following:
Replacement cost
