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Cost Accounting and Management Account
what is the difference between cost accounting and management account
ngodza22
- Jun 29th, 2008
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
ngodza22
- Jun 29th, 2008
Cost accounting :is mainly concerned with data captive, recording, accumulation & interpretation of information cost of prodution so as enable management to focust & relevent decision.Manageme...
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What`s the difference between Marginal cost and Oppurtunity cost?
johnsembee
- May 29th, 2008
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.
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what is the difference between cash flow statement and funds flow statement?
johnsembee
- May 29th, 2008
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.
