Advertisements
Advertisements
प्रश्न
Explain the following:
Sunk cost
Write Short note on:
Sunk cost
Advertisements
उत्तर
Sunk Costs are costs that have already been incurred in the past and cannot be recovered, regardless of future decisions. Examples include investments in plant, machinery, buildings, or any other expenditure that cannot be reversed. Since these costs cannot be changed by future actions, they are irrelevant for decision-making. Sunk costs should not influence current decisions, as they cannot be recovered, and only future costs and benefits should guide decisions.
Notes
Students should refer to the answer according to the question.
संबंधित प्रश्न
A firm has to pay a fixed rent of ₹ 500 for the postpaid mobile bill and further pay extra charges for the calls made in a month. Identify the type of cost mentioned here.
Indirect material scrap is adjusted along with ______.
It refers to the expenses incurred on those items which are not directly chargeable to production. Salaries of timekeeper, foremen and watchmen are examples of this cost. This cost is incurred for the concern as a whole rather than a particular product.
Fixed cost is a cost which remains same at ______.
Distinguish between controllable and uncontrollable costs.
Give an example of opportunity cost.
The term "variable costs" refers to ______.
Fixed cost is a cost which ______.
A cost that is easily traceable to a cost object is known as ______.
What do you mean by Semi-Fixed cost?
