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Cost Classification by Relevance Differential Cost & Revenue - Opportunity Cost - Sunk Cost - Cost Classification by Function Manufacturing Costs - Direct Materials -

  1. Cost Classification by Relevance

  • Differential Cost & Revenue -

  • Opportunity Cost -

  • Sunk Cost -
  1. Cost Classification by Function

  • Manufacturing Costs -

  • Direct Materials -

  • Direct Labour -

  • Manufacturing Overhead -

Classification by Function also includes Product Cost versus Period Costs also known as Manufacturing versus Nonmanufacturing Costs

  • Product Costs -

  • Period Costs -

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