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प्रश्न
"The cost of sugarcane is an avoidable cost." Justify for or against.
थोडक्यात उत्तर
उत्तर
- If sugarcane is a direct input for sugar production, the cost is directly proportional to the output.
- When production ceases, the cost of sugarcane can be avoided.
- Avoidable costs are those that can be avoided by refraining from carrying out a specific activity or choice.
- Purchasing sugarcane is unnecessary when shutting down sugar production; hence, the cost can be avoided.
- This makes sugarcane costs preventable because they may be managed by deciding whether or not to manufacture sugar.
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Controllable and Uncontrollable Costs
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संबंधित प्रश्न
Give one difference between money cost and real cost.
Distinguish betwen implicit costs and explicit costs.
Give one difference between product cost and period cost.
State one difference between Historical costs and Predetermined costs.
Differentiate between expired and unexpired costs.
Explain the following with an example:
Marginal cost.
Explain the following with an example:
opportunity cost.
Distinguish between private costs and social costs.
Explain the following:
Out of pocket cost.
Explain the following:
Notional or imputed cost.
