![]() ![]() Cost of Marketing and Selling – cost of marketing, selling promotion, advertising, distribution etc.Cost of Production – cost of material, labour, overheads etc.rent, interest, product trial, underwriting costs etc. Preliminary Cost – costs incurred before the commencement of the actual business e.g.Uncontrollable cost – It refers to costs which cannot be controlled by the actions of the organizations members.Īccording to Functions or Operations of a Business:.Controllable cost – It refers to costs which can be influenced or controlled by the actions of the organization members.Overhead cost – It refers to costs which are semi-variable and vary with the level of production like administrative expenses, cost of indirect material and labour, indirect expenses etc.Labour Cost – It refers to the payments made to permanent and temporary workers for their services.Material Cost – It refers to the cost of procurement and use of any raw material used for production.TC n = Total cost of producing n products, TC n-1 = Total cost of producing n-1 products ![]()
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