Why Is Cost Classification Important to Managers?

Answer

Cost classification holds significance to managers for a number of reasons such as it helps managers track their annual expenditure relative to their budget and it helps managers in determining where their greatest expenditure comes from. Cost classification breaks down costs into separate groups of similar categories.
Q&A Related to "Why Is Cost Classification Important to Managers"
The purpose of cost management is to control costs. This function impacts every phase of any business. Properly executed, it, along with other sound policies; saves money, fuels Research
http://wiki.answers.com/Q/What_is_the_importance_o...
You would be better off referencing this site: http://www.jamaicachm.org.jm/BHS/biodiversity_classification.htm. as itt deals with the why of taxonomy, and details the pitfalls of
http://answers.yahoo.com/question/index?qid=200905...
If the project isn't completed on time, it may be worthless, or have lost the market oppotunity. If cost is too high it will be a financial drain, or may never be profitable; or may
http://www.askmehelpdesk.com/management/project-ma...
the key: where you can get the products?come on! here! www.tradeshoes9.com.
http://www.helpfulbox.com/ans/others/689983
Explore this Topic
Inventory management is the process of managing inventory for product-related businesses. Inventory management is important for many reasons, including tracking ...
Environmental management is important because it helps reduce the effect of global warming. Environmental management provides a good livelihood for both plants ...
Management development training is very important because it helps individuals in management positions to work more effectively, support and create substantial ...
About -  Privacy -  Careers -  Ask Blog -  Mobile -  Help -  Feedback  -  Sitemap  © 2014 Ask.com