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Flashcards in Cost Deck (14):
1

Cost

2 points

2

Elements of cost

4 types

3

Overheads

3 types w 3 each

4

Direct costs

Meaning + 3 types

5

Indirect costs

Meaning+3 types

6

Diff between direct indirect costs

3 points

7

Diff between fixed variable costs

5 points

8

Semi variable costs

2 points

9

Diff between controllable and uncontrollable costs

2 points

10

Outlay and opportunity costs

5 points (3/2)
+ example

11

Diff between shut down and sunk costs

2 points

12

Diff between product and period costs

2 points

13

Diff between historical and replacement costs

2 points

14

Research and development costs

2 points