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Why is it important for managers to understand costbehavior?Why is it important for managers...

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Accounting

Why is it important for managers to understand costbehavior?

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Answer Cost behavior deals with understanding the pattern of the cost and changes in the cost due to change in the organizational level of activity In order to study cost behavior we divide the total cost into two parts Variable cost and fixed cost Variable cost varies with the level of production For example the cost of raw material It is also known as a direct cost Whereas Fixed cost remains fixed and    See Answer
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In: AccountingWhy is it important for managers to understand costbehavior?Why is it important for managers to understand costbehavior?

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