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प्रश्न
Explain the following:
Notional or imputed cost.
उत्तर
Notional or Imputed cost means the cost which is not incurred and which involves no cash outlay but is useful in decision-making. Interest on capital is an example of a notional cost.
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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.
Give one difference between normal cost and abnormal cost.
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.
Explain the following with an example:
Marginal cost.
Distinguish between private costs and social costs.
Explain the following:
Out of pocket cost.
Explain the following:
Differential cost
