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Earn +20 ptsQ: What is one-off cost?
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Is total cost different from overhead cost?
Overhead cost is part of total cost and not different from total cost as formula is as follows: Total cost = material cost + labor cost + overhead cost
What are the four measures of cost?
marginal cost, total cost, variable, and fixed cost
How do you calculate cost price?
Total cost price = Material cost + labor cost + overheads costs
Difference between standard cost actual cost and normal cost?
prices
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.
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