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प्रश्न
What is meant by sunk cost?
Explain the following:
Sunk cost
उत्तर
Sunk costs are historical or past costs which cannot be changed by any future decision. Investments in plant and machinery, buildings, etc., are examples of sunk costs. These costs are irrelevant for decision-making because they cannot be altered by later decisions.
संबंधित प्रश्न
Overheads are often related to accounting concepts such as fixed cost and ______ cost.
Which of the following cost is time based?
Which definition best describes indirect costs?
Wages paid to a labour who was engaged in the production activities can be termed as ______.
Fixed cost is a cost which remains same at ______.
Direct cost increases when ______.
Distinguish between direct costs and indirect costs.
Distinguish between shut down cost and sunk cost.
Distinguish between Direct Labour cost and Indirect Labour cost.
Give an example of opportunity cost.
The term "variable costs" refers to ______.
Amount spent to purchase a machinery is the example of ______ cost.
Variable cost per unit increases when ______.
A cost that is easily traceable to a cost object is known as ______.
What do you mean by Semi-Fixed cost?
Give an example of Semi-Fixed cost.
Classify cost according to its nature.
Explain with an example, the meaning of fixed costs.
