Submitted by pete on February 12, 2008

• Category: Business
• Words: 794
• Pages: 4
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Cost Descriptors

Cost Descriptors

As the Human Resource Manager for ABC Corporation, it is imperative to have a vast knowledge and understanding of the budget and how certain costs affect the budget. It is my attention to better educate you in costs descriptors that will help you understand the budget more thoroughly and will also increase your budget knowledge. In doing so, I have selected the following cost terms consisting of fixed, variable, direct, indirect, sunk, marginal, and total costs.

Fixed Cost
Fixed cost is a cost that does not vary depending on production or sales levels. For example, a retailer must pay rent and utility bills irrespective of sales....

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