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The term "cost driver" refers to the activity that causes cost to change.
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∙ 13y ago
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How would you define an activity driver?
An activity driver measures the frequency or intensity with which a cost object requires the use of an activity, thereby relating the performance of an activity's tasks to the needs of one or more cost objects.
How would you define a current cost?
Current cost. Replacement cost or net realizable value.
When would you use direct labor as cost driver?
In labor intensive industry direct labor cost is used as cost driver.
Define cost price and selling price?
define cost and selling price
How much would it cost to fix a computer blackbox?
Could you define a "computer blackbox"?
What is a cost driver?
A cost driver is a factor that causes variations in a cost.
Example of cost driver?
cost driver examples
How would you define a book cost?
Book cost ; sunk cost. A cost incurrence where the cash expenditure has already occurred, such as the cost of depreciation for a machine purchased several years ago.
Define the word posses?
posses a driver's license.
How would you define a traceable cost?
Traceable cost ; direct cost. A cost the firm can identify with a specific product, such as the cost of a computer chip installed in a given personal computer, or with some activity.
How would you define a cost?
A cost is generally understood to be that sacrifice incurred in an economic activity to achieve a specific objective, such as to consume, exchange, or produce.
What is cost driver and cost pool?
Cost driver is the basic activity which increases the or utilize the cost while cost pool is that in which all costs are jointly shown for example machine setup cost is cost driver while over all overheads is cost pool.
