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प्रश्न
State one difference between Historical costs and Predetermined costs.
Distinguish between historical cost and predetermined cost.
उत्तर
Historical Costs: Historical or original costs are those costs that are ascertained after being incurred.
Predetermined Costs: Predetermined costs are those costs that are estimated or budgeted. These are computed in advance of production on the basis of past experience and other factors.
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 normal cost and abnormal cost.
"The cost of sugarcane is an avoidable cost." Justify for or against.
Differentiate between expired and unexpired costs.
Explain the following with an example:
Marginal cost.
Distinguish between private costs and social costs.
Explain the following:
Differential cost
Explain the following:
Notional or imputed cost.
Explain the following:
Replacement cost
