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Cost Concepts Relating to Profit Planning Homework Help

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As you are a student of accounting, you will be well aware of the fact of Cost Concepts Relating to Profit Planning Assignment Help is like a boon in your higher education. As because with such help that myhomeworkhelp.com provides their students, you will be gaining more extra time to read about the subject more and make your hold strong to be a powerful candidate while you are called for interviews. The very basic reason why should you opt for us is that we can practically help you complete your assignments on time and that will help you gain more marks too.

About Cost Concepts Relating to Profit Planning-
In a very basic language we can explain that cost concept is a part of cost accounting as it will determine whole of cost that is needed for accounting. It is done within internal reporting that is needed for management purposes. Its tools are used for identifying costs for products and services per unit. It is used to prepare proper and correct analysis of cost. It is also done to determine the selling price of products and services.

In cost concepts our mentors of Cost Concepts Relating to Profit Planning Homework Help take special care to explain all needed fields of profit planning that is sub- divided into five basic parts namely-

  • Fixed costs:

These are the costs that do not change in output volume within their specific activity range in a given budgeted time frame like land rate, insurances on property etc.

  • Semi- variable costs:

Costs those are neither fixed nor variable in relation to production volume. This is also called as mixed cost. For example, electricity, maintenance etc.

  • Budgeted costs:

It is as and when operating plans gets involved with future costs for a specific period of time.

  • Variable costs:

The costing that do vary with the changes in production process or sales. For example, labour charges, charges for raw materials etc.

  • Future costs:

These are the costs that are for sure to be there in future due to present decisions and are called as future costs for this reason.
The above mentioned points are just a little overview of whole of subject that can be further taken forward by our Cost Concepts Relating to Profit Planning Assignment Help team. They are 24×7 available to help you complete your assignments under their mentorship.

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