What do u mean by term "" Cost"" ??? Explain also types
Answers
Answered by
6
Definition: an amount that has to be paid or spent to buy or obtain something.
Fixed Cost – It is the cost of fixed inputs used in production. ...
Variable Cost – It is the cost of variable inputs used in production. ...
Semi Variable Cost – It refers to costs which are partly fixed and partly variable. ...
Total Cost – It refers to the total cost of production.
Answered by
2
Heya.....
See here for your answer......
==================
Ques,, What's the meant by term cost..?
Answer..............................................
√ Cost refer to the expenditures incurred by the producer during the process of production...
Ques,, What's the types of cost...?
Answer............................................
There r two types of cost in business these are...
√ FIXED COST ...
The expenditure incurred on the purchase of fixed assets , is called fixed cost....
Example,, Licence fee , Rent ...
√ VARIABLE COST...
The expenditure incurred on the purchase of variable inputs is called variable cost. .
Example,, Salary of casual workers, electricity bills...
Thank you...
See here for your answer......
==================
Ques,, What's the meant by term cost..?
Answer..............................................
√ Cost refer to the expenditures incurred by the producer during the process of production...
Ques,, What's the types of cost...?
Answer............................................
There r two types of cost in business these are...
√ FIXED COST ...
The expenditure incurred on the purchase of fixed assets , is called fixed cost....
Example,, Licence fee , Rent ...
√ VARIABLE COST...
The expenditure incurred on the purchase of variable inputs is called variable cost. .
Example,, Salary of casual workers, electricity bills...
Thank you...
Similar questions