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Topic+2(Cost+Terms,+Concepts+and+Classifications).Ppt

Topic+2(Cost+Terms,+Concepts+and+Classifications).Ppt

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Published by Kirul Nizam Aziz

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Published by: Kirul Nizam Aziz on Aug 14, 2011
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11/16/2012

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Copyright © 2006, The McGraw-Hill Companies, Inc. McGraw-Hill/Irwin
Costs Terms, Concepts andClassifications
Topic Two (2)
 
Copyright © 2006, The McGraw-Hill Companies, Inc. McGraw-Hill/Irwin
Variable and Fixed Cost
Variable cost is a cost that varies in total indirect proportion to changes in activity.
Fixed cost is a cost that remains constant intotal within the relevant range of activity
 
Copyright © 2006, The McGraw-Hill Companies, Inc. McGraw-Hill/Irwin
Cost Classifications for Predicting CostBehavior 
How a cost will react tochanges in the level of activity within therelevant range.
Total
variable costs
 change when activitychanges.
Total
fixed costs
remainunchanged when activitychanges.
 
 
How a cost will react tochanges in the level of activity within therelevant range.
Total
variable costs
 change when activitychanges.
Total
fixed costs
 remainunchanged when activitychanges.

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