Differbetween
Costs
Differences Between Implicit Cost and Explicit Cost
The main difference between the two types of costs is that implicit costs are opportunity costs, while explicit costs are expenses paid with a company...
Difference Between Actual Cost and Standard Cost
Standard costs are the estimated costs for products that are predetermined and arise from the units of material, labour and other costs of production ...
Difference Between Marginal Analysis and Break Even Analysis
The key difference between marginal analysis and break even analysis is that marginal analysis calculates the revenue and costs associated with produc...
Difference Between Period Cost and Product Cost
Product costs are those directly related to the production of a product or service intended for sale. Period costs are all other indirect costs that a...
Difference Between Sunk Cost and Relevant Cost
A sunk cost is a cost that has been incurred and cannot be recovered. ... When a manager is considering a particular decision, relevant costs are the ...
Difference Between Product Cost and Period Cost
Product costs are those directly related to the production of a product or service intended for sale. Period costs are all other indirect costs that a...
what are the techniques of cost control
Read on to find out five ways smart investment can be used as a cost control technique that can improve quality and that help your procurement process...
Difference Between Costing and Budgeting
Costing and budgeting are different from each other, because costing involves keeping track of the costs expected to incur in the future, and budgetin...