If you want to learn more in this regard, you can always take the help of our cost accounting experts.Direct Cost: The costs which have a direct relation with the unit of manufacture/ operation are called direct costs.Tags: Christian Personal Mission StatementSales Territory Business Plan TemplateCovering Letter For Application For Freshers EngineerEssays On The Help By Tate TaylorEssay SuggestionsResearch Vs Opinion Paper5th Grade Creative Writing PromptsExamples Of Strong Thesis Statements For Research PapersEssay LibHow To Make A New Business Plan
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Book Cost: The costs which are not paid directly but some provisions are made to those costs in profit and loss statements can be identified as Book Cost.
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Explicit Cost: Explicit Costs are also called paid out costs; they are basically those costs which are genuinely paid by the firm.
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Homework on Accounting provide a vital insight into the economic activities taking place in an organization.
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Actual Cost: The original cost that is involved in manufacturing a good or providing a service is said to be an initial cost to the company.
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