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प्रश्न
Explain the following:
Differential cost
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उत्तर
Differential cost means the change in cost due to a change in the method of production. It is useful in choosing the best alternative. It helps management to know the savings in cost that can be achieved by using idle capacity or by changing the technology.
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संबंधित प्रश्न
Distinguish between implicit costs and explicit costs.
Give one difference between product cost and period cost.
State one difference between Historical costs and Predetermined costs.
Differentiate between expired and unexpired costs.
Write short notes on opportunity costs.
Explain the following with an example:
Marginal cost.
Explain the following with an example:
opportunity cost.
Distinguish between private costs and social costs.
Explain the following Concept:
Out of Pocket Cost
Explain the following:
Replacement cost
