Briefly explain the classification of cost for managerial
decizion
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Purpose of Decision Making by Management
For decision-making purposes of management, costs can be classified into various types such as opportunity cost, marginal cost, differential cost, relevant cost, imputed cost, replacement cost, sunk cost, normal/ abnormal cost, avoidable/ unavoidable costs, etc.
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For decision-making purposes of management, costs can be classified into various types such as opportunity cost, marginal cost, differential cost, relevant cost, imputed cost, replacement cost, sunk cost, normal/ abnormal cost, avoidable/ unavoidable costs, etc.
Hope it helps you
Pls mark me brainliest :)
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