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Costs can be categorized in various ways, including the following: Fixed versus variable costs Relevant versus irrelevant costs Direct versus indirect Discuss the following in
Costs can be categorized in various ways, including the following:
- Fixed versus variable costs
- Relevant versus irrelevant costs
- Direct versus indirect
Discuss the following in your main Discussion Board post:
- Why is it important for a company to know the categorization of each cost?
- Provide an example of each of the cost categorizations above.
- Why is it important to compare actual cost and budgeted cost?
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