Costs may be classified in a variety of ways according to their nature and the information needs

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‘Costs may be classified in a variety of ways according to their nature and the information needs of management.’ Explain and discuss this statement, illustrating with examples of the classifications required for different purposes.

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Management and Cost Accounting

ISBN: 978-1473748873

10th edition

Authors: Colin Drury

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Question Posted: Feb 07, 2020 10:04 AM

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Costs may be classified in a variety of ways according to their nature and the information needs

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CLASSIFICATION OF COST BY NATURE This is the analytical classification of costs Let us divide as per ...View the full answer

Management and Cost Accounting

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