Flashcards
Classifying costs
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- 1Cost - the expenditure incurred on or attributable to a specific thing or activity Cost Unit -is an identifiable product or service for which firm wants to measure the cost Cost measurement systems collect cost data and assign this costs to cost objectivesCost centre - function or location or activity or an item of equipment for which cost is measured. Directly related to cost objective
Accounting department = prep of accounts for clients
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- ATI Year 2 \chapter 2 Classifying costs
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- Agnes Devlin
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