Math, asked by ankush8411, 10 months ago

what is cost ? hshyksjajjs

Answers

Answered by EthicalElite

The money that you have to pay for something is called cost.

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Answered by Anonymous

Answer:

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Definition: In business and accounting, cost is the monetary value that has been spent by a company in order to produce something.

cost expresses the amount of money that is spent on the production or creation of a good or service.

For example, the cost of an item in inventory also includes the item's freight-in cost.

Classification of Cost / Types of Cost

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.

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