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प्रश्न
"The cost of sugarcane is an avoidable cost." Justify for or against.
थोडक्यात उत्तर
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उत्तर
- If sugarcane is a direct input for sugar production, the cost is directly proportional to the output.
- When production ceases, the cost of sugarcane can be avoided.
- Avoidable costs are those that can be avoided by refraining from carrying out a specific activity or choice.
- Purchasing sugarcane is unnecessary when shutting down sugar production; hence, the cost can be avoided.
- This makes sugarcane costs preventable because they may be managed by deciding whether or not to manufacture sugar.
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Controllable and Uncontrollable Costs
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संबंधित प्रश्न
Give one difference between money cost and real cost.
Distinguish between implicit costs and explicit costs.
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.
Distinguish between private costs and social costs.
Explain the following Concept:
Out of Pocket Cost
Explain the following:
Notional or imputed cost.
Explain the following:
Replacement cost
