Tag Archives | Cost Classification

Top 7 Advantages of Classifying Cost

This article throws light upon the top seven advantages of classifying cost into fixed and variable cost. The advantages are: 1. Profit Planning 2. Effective Cost Control 3. Fixation of Selling Prices 4. Marginal Costing and Break-Even Analysis 5. Budgetary Control 6. Proper Absorption of Overheads 7. Helpful in Decision-Making. Profit Planning: The Primary objective […]

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