Question

NO HANDWRITTEN ANSWERS PLEASE

Name four basic record keeping cost categories

Answer 1

Answer)

Four basic record keeping cost categories are:

1)Departments:There are different departments in the organisations like sales, Manufacturing etc and they are maintained as different categories to allocate the costs between them.

2)Executives:Different executive like marketing person 1,2,3 etc to track their performances and the cost they incurred to see who are within the budgets and who are not inconsistent with it.

3)Projects: Different category of projects are maintained to see what costs that each projects incurred.

4)Processes:Different category of process are also maintained to see how much cost does each process incurs.