Costs can be categorized in the following ways actual vs, Ask an Expert

Management Studies

Costs can be categorized in the following ways: Actual vs. budgeted cost Full cost vs. direct cost Fixed vs. variable vs. mixed costs Relevant vs. irrelevant costs Product vs. period Direct vs. indirect

Discuss the following questions:

Why is it important for a company to know the categorization of each cost?

How can this information be used in decision making? Provide an example of each of the cost categorizations above.

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92759643

Have any Question?Write your Review or question?

Related Questions in Operation Management

Case study questionsafter reading the erp implementation

CASE STUDY QUESTIONS After reading the ERP Implementation Case, please answer the following questions and submit to the Assignment #3 Dropbox before the deadline. 1) According to the case study, one (1) of the Challenges ...

Quick short answers briefly explain reasoning1 making

Quick short answers. briefly explain reasoning. 1. Making decisions using IRR and payback analysis. 2. How to evaluate multiple alternatives with multiple futures? 3. What are cash flow diagrams? 4. What is break even an ...

The following are the sample data sets from your class

The following are the sample data sets from your class project about waiting line theories: Arrival: 4, 4, 4, 0, 4 Service time: 35, 39, 42, 69, 33 The arrival data were number of cars arrived per every 5-minute interval ...

1 the treatment of two or more individuals with a mental

1. The treatment of two or more individuals with a mental health disorder by behavioral, cognitive, psychoanalytic, psychodynamic, or psychophysiological means to improve functioning or well-being is called __________. F ...

1 support your opinion could the civil war have been

1. Support your opinion: could the Civil War have been avoided? After reading this unit's materials, be sure to include the influence of at least one cultural, political, economic, or social movement on whether or not th ...

1 how you will document evaluations lessons learned in the

1. How you will document evaluations lessons learned in the course of implementing the evaluation? 2. How can an instructor change a learner’s attitude, motivation, and interest by means of instruction? Include in your t ...

Deck scudder the chairperson of the information technology

Deck Scudder, the chairperson of the information technology department at the University of Denver, needs to create a database to keep track of all the courses offered by the department. In addition, Deck would like the ...

1 explain circumstances in which it is possible to improve

1. Explain circumstances in which it is possible to improve maintainability to counteract poor reliability, and also identify circumstances where this approach is unrewarding. 2. What is multiple constituency model's str ...

1 post an instructional strategy that you have used as an

1. Post an instructional strategy that you have used as an instructor or as a learner that led to learning procedures or principles. Discuss the efficacy of this strategy. Remember to include the vocabulary of the readin ...

1 list out 25 opportunities for innovation and

1. List out 25 opportunities for Innovation and Commercialization. Use a criteria matrix to rate them. 2. Select one, map its development historically to a future goal. 3. Critique, examine hurdles for commercialization ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Operation Management Expert