Slide 1An Introduction to Cost Terms,cost classification and Purposes © 2009 Pearson Prentice Hall. All rights reserved. Slide 2 What is cost? All businesses have costs.…

Slide 1 CHAPTER 2 COST CONCEPTS AND DESIGN ECONOMICS Slide 2 OBJECTIVES Describe basic cost terminology Describe design economics Slide 3 Cash flow Fixed Cost, Variable Cost,…

Slide 1 COST TERMS AND PURPOSES © 2012 Pearson Prentice Hall. All rights reserved. Slide 2 Class Announcement  See SCC for information on accounting recruitment information…

ost oncepts Dr. Suchismita Sengupta IES MCRC Email : [email protected] âNothing in life is certain except death and taxes.â --Benjamin Franklin LEARNING OBJECTIVES…

Session 2 Accounting 102 Cost Concepts & Terminology Some Basic Cost Terminology and Concepts Cost â resource(s) sacrificed to achieve a specific objective Cost Object…