Prepare a report for the managing director of your company explaining how costs may be classified by
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Prepare a report for the managing director of your company explaining how costs may be classified by their behaviour, with particular reference to the effects both on total and on unit costs. Your report should:
(i) Say why it is necessary to classify costs by their behaviour; and
(ii) be illustrated by sketch graphs within the body of the report.
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1 To the managing director of XYZ Ltd Report on Classification of Cost by their Behavior In the field of Cost Accounting costs behave differently based on the level of activity These costs can be clas...View the full answer
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