(a) All controllable costs are direct costs. Not all direct costs are controllable. Explain with the help...
Question:
(a) “All controllable costs are direct costs. Not all direct costs are controllable.” Explain with the help of suitable examples.
(b) Distinguish between (i) engineered, (ii) discretionary, and (iii) committed costs. Give suitable examples. Are all these costs controllable?
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a All controllable costs are direct costs Not all direct costs are controllable Controllable costs These are costs that can be influenced or controlle...View the full answer
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Related Book For 
Management Accounting Text Problems And Cases
ISBN: 9781259026683
6th Edition
Authors: M Y Khan, P K Jain
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