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Functional Costs

Preventive Costs

Preventive Costs – Meaning, Examples, Types and More

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
Last Updated on: June 15, 2022
External Failure Costs

External Failure Cost – Meaning, Examples and More

External failure cost is one of the three types of cost of quality. It includes the cost a company incurs after a defective product… Read Article
Last Updated on: June 15, 2022
Internal Failure Costs

Internal Failure Costs – Meaning, Examples and More

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
Last Updated on: June 15, 2022
Distribution Costs

Distribution Cost – Meaning, Accounting, and More

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
Last Updated on: June 15, 2022
Quality Costing

Quality Costing – Meaning, Types, How to Calculate and More

Quality costing or quality cost or cost of quality (COQ) constitute the costs that a company incurs to come up with a quality product.… Read Article
Last Updated on: June 15, 2022
Appraisal Costs

Appraisal Cost: Simplified Like Never Before

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
Last Updated on: May 27, 2022
Selling, General and Administrative Expenses

Selling, General and Administrative Expenses – All You Need To Know

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
Last Updated on: May 27, 2022
Classification of Cost based on Functions or activities

Classification of Costs based on Functions / Activities

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
Last Updated on: May 27, 2022
Types of Cost and Basis of Classification of Cost

Types of Costs and their Classification

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
Last Updated on: June 17, 2022
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