Cost Classification Flashcards by Gary Smith | Brainscape

Q

Explain Cost Classification - Element

A

What is the cost.
Material
Labour
Expense

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Q

Explain Cost Classification -Function

A

What is the function?
Production
Non-Production

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Q

Explain the Cost Classification - Nature

A

Direct

Indirect

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Q

Explain the Cost Classification - Behaviour

A

Variable
Fixed
Semi-variable
Stepped

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Q

What are the 4 cost classifications?

A

Element
Function
Nature
Behaviour

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