Preventive costs, as the name suggests, are the costs that a company incurs to prevent defects from occurring in a product or service. For… Read Article
Internal failure cost is one of the four types of costs of quality. Three other costs are -preventive costs, appraisal costs, and external failure… Read Article
Distribution Costs or the Distribution expenses are the costs that a company incurs to make its goods or services available to the end-users or… Read Article
What is ‘Appraisal Cost’? In the common parlance, appraisal cost typically refers to expenses borne by home sellers. A house seller hires a professional appraiser… Read Article
Selling, general and administrative expenses (or SG&A) are the total of both direct and indirect selling expenses in addition to the administrative expenses. The… Read Article
There is the various classification of costs. It could be based on nature, traceability, functions, behavior, purpose, production process, and costs period. In this… Read Article
Cost classification can be done in various ways depending on its nature and specific purpose. There are various types of costs classified into logical… Read Article