Costing

larger residual terms

zero residual terms

variable residual terms

smaller residual terms

Estimation of profit

Estimation of cost

Estimation of selling price

Estimation of work

Standard cost of materials - actual cost of materials

Budgeted cost of materials - actual cost of materials

Standard cost of materials - budgeted cost of materials

Actual cost of materials - budgeted cost of materials

planning

controlling

profit sharing

product costing

job description

job specifications

job evaluation

Both A and B

cost function

revenue function

unit function

relative function

Variable Cost

Marginal Cost

Contribution

Margin of Safety E. Break Even Point

Unit of quantity of product, service or time in relation to which costs may be ascertained or expressed

A location, person or an item of equipment or a group of these for which costs are ascertained and used for cost control

Centres having the responsibility of generating and maximising profits

Centres concerned with earning an adequate return on investment

Current Assets

Working Capital

Cash

All Financial Resources

Master

Fixed

Flexible

All of these