(a) Distinguish between out-of-pocket cost and opportunity cost. (b) Explain and illustrate the distinction between 'direct cost'...

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(a) Distinguish between out-of-pocket cost and opportunity cost.
(b) Explain and illustrate the distinction between 'direct cost' and 'indirect cost' specially from the point of view of decision making.

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Cost Accounting

ISBN: 9780070221628

4th Edition

Authors: Jawahar Lal, Seema Srivastava

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