What are the various types of cost?
Types of Costs
- Opportunity costs.
- Explicit costs.
- Implicit costs.
- Accounting costs.
- Economic costs.
- Business costs.
- Full costs.
- Fixed costs.
What are 10 types of costs?
Types of Costs
- Opportunity costs.
- Explicit costs.
- Implicit costs.
- Accounting costs.
- Economic costs.
- Business costs.
- Full costs.
- Fixed costs.
What are the main 3 types of cost?
The types are: 1. Fixed Costs 2. Variable Costs 3. Semi-Variable Costs.
What are the 4 types of costing?
Direct, indirect, fixed, and variable are the 4 main kinds of cost.
What are the various types of cost in developing a system?
The 5 costs they cover are:
- Direct cost.
- Indirect cost.
- Fixed cost.
- Variable cost.
- Sunk cost.
What are the different types of cost Class 11?
The different types of cost concepts are:
- Outlay costs and Opportunity costs.
- Accounting costs and Economic costs.
- Direct/Traceable costs and Indirect/Untraceable costs.
- Incremental costs and Sunk costs.
- Private costs and social costs.
- Fixed costs and Variable costs.
What are the main classes of cost?
So basically there are three broad categories as per this classification, namely Labor Cost, Materials Cost and Expenses. These heads make it easier to classify the costs in a cost sheet. They help ascertain the total cost and determine the cost of the work-in-progress.