Cost Classification

Question 1

Financial accounts - classification?

Answer 1

By function - cost of sales, distribution costs, admin expenses

Question 2

Cost control - classification?

Answer 2

By element - materials, labour, other expenses

Question 3

Cost accounts - classification?

Answer 3

By nature - direct, indirect

Question 4

Budgeting, decision making - classification?

Answer 4

By behaviour - fixed , variable