GeekInterview.com
   Home |  Tech FAQ  |   Interview Questions |  Placement Papers |  Tech Articles |  Learn |  Freelance Projects |  Online Testing |  Geeks Talk |  Job Postings |  Knowledge Base | Site Search |  Add/Ask Question

GeekInterview.com  >  Interview Questions  >  Accounting  >  Cost Accounting
Go To First  |  Previous Question  |  Next Question 
 Cost Accounting  |  Question 24 of 38    Print  
What`s the difference between Marginal cost and Oppurtunity cost?

  
Total Answers and Comments: 1 Last Update: June 27, 2008     Asked by: Binu Sebastian 
  
 Sponsored Links

 
 Best Rated Answer

No best answer available. Please pick the good answer available or submit your answer.
May 29, 2008 18:21:48   #1  
johnsembee Member Since: May 2008   Contribution: 3    

RE: What`s the difference between Marginal cost and Oppurtunity cost?
The derivative of total production costs with respect to the level of output is Marginal cost.

The benefits you
could have received by taking an alternative action is oppurtunity cost.

 
Is this answer useful? Yes | No

 Related Questions

Latest Answer : 5 years ...

Latest Answer : it is a costing rule technique that excludes fixed cost from influencing decisions because they are said to be irrelevent cost.... simply because they are bound to be incurred even if a firm produce or doesn't produce eg rent, ...

Latest Answer : In this modern age of cut-throat competetion cost accounting for the product is must to mininize cost of product and gettting maximum profit. If the producer does not maintain or minimize waste in the cost he will be failer. ...
Read Answers (2) | Asked by : limon

View Question | Asked by : Santhosh Kumar

Latest Answer : Costs are bifurcated into 2, Fixed cost and variable cost. In fact the third category also exist which is Semi variable cost.Fixed costs are those costs which do not vary with the production level. Like rent of factory, water bill (if water is not related ...
Read Answers (2) | Asked by : varghese

Latest Answer : Statement showing changes in inflow & outflow of cash during the period is Cash Flow Statement.Statement showing the sorce & application of funds during the period is Fund Flow Statement. ...

Latest Answer : The derivative of total production costs with respect to the level of output is Marginal cost.The benefits you could have received by taking an alternative action is oppurtunity cost. ...
Read Answers (1) | Asked by : Binu Sebastian

what is the difference between cost accounting and management account 
Latest Answer : since fixed cost doesn't change whether you decide to produce or not to produce...eg rent, thus in marginal costing fixed cost element is removed so as to arrive at contribution... hence fixed cost is irrelevent cost in marginal costing ...

What is the difference between cash flow statement and funds flow statement 
View Question | Asked by : chrao_84

Explain the process of cost reporting 
View Question | Asked by : garcialf


 Sponsored Links

 
Related Articles

What is difference between call by value and call by reference in function?

The arguments passed to function can be of two types 1. Values passed 2. Address passed The first type refers to call by value and the second type refers to call by reference. For instance consider program1 main() { int x=50, y=70; interchange(x,y); printf(“x=%d y=%d”,x,
 

The Interview Snafu

How to turn someone else’s mistake to your advantage Your dream job is about to become reality. A recruiter gave you the heads up about the perfect position at Humungous Conglomerate, Inc. You went through five interviews as well as a battery of psychological tests mandated by their HR de
 

Winning a Job Interview with a Winning Resume

Does your resume unlock your potential, take your skills to the highest level and win you the interview and the job you want now? The job market today is highly competitive and even if you think you have what it takes to get an interview you won’t get over the line without a polished, prof
 

Importance of Proper English during Job Interview

Importance of Proper English during Job Interview Your job interview is crucially important and it will determine whether or not you will get the job Depending on the type of job you re going for it is very important for you to use proper English In most cases jobs which offer higher salaries will h
 

Difference between Scholarship and Grant

Difference between Scholarship and Grant While both scholarships and grants allow students to pay for their tuition without having to pay the money back there are a number of key differences between the two Knowing the difference between grants and scholarship will make it much easier for students t
 

HR Interview - HR Interview Mistakes You Will Want To Avoid

HR Interview Mistakes You Will Want To Avoid The job interview can be a stressful process This is especially true for those who are going after a competitive position Your nonverbal communication combined with the answers you give during the interview will determine if you are hired mosgoogle While
 

HR Interview - Behavioral HR Interviews

Behavioral HR Interviews As the name implies a behavioral interview is an interview that is held by a human resources department to determine if an applicant has the behaviors that are appropriate for a job The company must know how an applicant will behave in a certain situations mosgoogle The logi
 

HR Interview - How To Prepare For Your HR Interview

How To Prepare For Your HR Interview Before you begin thinking about how you are going to dress for the interview it is important to do your research first You should learn everything you can about the company you wish to work for When you have detailed information about your employer you will conve
 

HR Interview - Telephone Interview Etiquette

Telephone Interview Etiquette When you conduct a telephone interview for a job it is important to show the proper etiquette Not only is it important it is critical is you wish to be hired by the company There are a number of things you will want to do and other things should never be done mosgoogle
 

HR Interview - How To Succeed At HR Interviews

How To Succeed At HR Interviews There are a number of things you will need to do in order to make sure you pass the interview process Your appearance is something that you will want to pay close attention to Even if you feel that your appearance shouldn t be a factor in whether or not you re highere
 





About Us  |   Privacy Policy  |   Terms and Conditions  |   Contact  |   Site Map  |   Add Question  |   Propose Category  |   RSS Feeds  |   Articles Sitemap  |   Site Updates  |   Add Resource

Copyright © 2005 - 2008 GeekInterview.com. All Rights Reserved
Page copy protected against web site content infringement by Copyscape