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प्रश्न
Give one difference between product cost and period cost.
Distinguish between:
Production cost and period cost.
अंतर स्पष्ट करें
उत्तर
| Basis of Distinction | Product Cost | Period Cost |
| Association | Product costs are those costs which are associated with production and which become part of the cost of a product. | Period costs are those costs that are associated with the period for which they are incurred. |
| Example | Sugarcane is used in producing sugar. | Rent of a telephone. |
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Controllable and Uncontrollable Costs
क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
संबंधित प्रश्न
Abnormal costs are not recorded as part of production cost. Justify for or against.
Give one difference between money cost and real cost.
Distinguish betwen implicit costs and explicit costs.
Give one difference between normal cost and abnormal cost.
State one difference between Historical costs and Predetermined costs.
Differentiate between expired and unexpired costs.
Write short notes on opportunity costs.
Distinguish between private costs and social costs.
Explain the following:
Out of pocket cost.
Explain the following:
Notional or imputed cost.
