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Purpose of Cost Estimation
In estimating it assists the future expenditure as cost prediction like the expenditure will depend upon the cost of the respective activities
a) In determining it assists the total benefits anticipated in a exact activity based on the relationship between projected revenue and projected costs.
Cost estimation is helpful in business cost control, planning and decision making performance evaluation.
SOLUTION FOR COST BUDGET ON ANNUAL DAY
Controllable and Non Controllable Costs Controllable costs can be influenced on the level of authority at that they are being analyzed when non-controllable costs cannot.
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What are the dependent and independent variables in Cost Accounting??
priple of accounting
How does functional classification of overheads like Manufacturing overhead,Administrative overhead affect product cost or profit?
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