It is budget time and the CEO has asked you to develop a presentation on cost...

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Finance

It is budget time and the CEO has asked you to develop apresentation on cost concepts and how it is used in decisionmaking. As the Director of Budgeting and Finance, you have beentasked to present the presentation to all directors, supervisorsand physicians. The CFO has ask you to address the following:
How and why do we classify cost?
Discuss the four major categories of direct and indirect costand explain each. Give examples of each.
What is the difference between controllable and uncontrollablecost, give an example of each.
PLEASE USE EXAMPLES ANDDETAILS

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3.6 Ratings (639 Votes)

For any good business cost is the major component for expenses The basis for business wealth maximization is the cost benefit analysis We classify cost as per direct and indirect cost The four major categories of direct and indirect cost are as follows Direct Cost are those cost which can be conveniently See Answer

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It is budget time and the CEO has asked you to develop apresentation on cost concepts and how it is used in decisionmaking. As the Director of Budgeting and Finance, you have beentasked to present the presentation to all directors, supervisorsand physicians. The CFO has ask you to address the following:How and why do we classify cost?Discuss the four major categories of direct and indirect costand explain each. Give examples of each.What is the difference between controllable and uncontrollablecost, give an example of each.PLEASE USE EXAMPLES ANDDETAILS