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What is Cost Classifications Explained about?
Costs can be classified in several ways including by element, as direct or indirect, by function, as fixed or variable, and as production or non-production. Costs are first divided based on their classification and then coded to make managing cost data easier, both manually and in computer systems. Good coding systems are unique, expandable, easy for humans to use, flexible, and comprehensive.
- Author
- Tiyas Kurnia
- Language
- EN