Marginal Cost

What is Marginal Cost? Marginal Cost Definition According to I.C.M.A. London, marginal cost is defined as “The amount at any given volume of output by which aggregate costs are changed…

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Classification of Cost

Classification of Cost Natural Classification of CostAccording to VariationDegree of changeabilityDegree of RelationFunctional Classification of CostAssociation with the Accounting PeriodCosts for Decision-Making and PlanningCosts for ControlOther Costs Classification is the…

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