Cost Drivers

Cost Drivers

What is Cost Driver?A cost driver is a basic costing term. Let’s first look at its technical definition. A cost driver is that factor… Read Article
Fixed and Variable Cost

Variable and Fixed Costs

Variable Costs and Fixed Costs are a type of classification of costs based on their behavior pattern with the volume of activity of the… Read Article
Direct and Indirect Costs

Direct and Indirect Costs

Understanding the concept of direct and indirect cost is very important from the viewpoint of assignment of various costs to products (the cost objects).… Read Article