What is the relationship between cost drivers and cost elements! Please give an example; Question: What is the relationship between cost drivers and cost elements! Please give an example. This question hasn't been solved yet Ask an expert Ask an expert Ask an expert done loading. Identifying Cost Drivers. Cost drivers are those aspects of proposal or contract requirements that if changed would have a major impact on contract price. Possible cost drivers include contract terms and conditions, delivery requirements, or technical requirements. For example: •. · a cost object is something that can be assignned to example if we manufacturing cars we would assign the cost of steering wheel to the final product a cost driver is something that influence the What are the differences between the cost object and the cost driver? give full example.
A cost driver is the most appropriate way of calculating or determining a specific cost. Variable cost drivers can come in the form of hourly costs, costs per unit, or batch costs, among others. Cost drivers can be fixed costs, such as in the case of set-up costs. Related Reading. What is the relationship between cost drivers and | www.doorway.ru Business. Finance. Finance questions and answers. What is the relationship between cost drivers and cost elements! Please give an example. Question: What is the relationship between cost drivers and cost elements! Please give an example. A cost driver is a unit that derives the expenses and sets a basis on which a particular cost is to be allocated between the different departments and on the basis of that driver’s activity completed in that particular period the cost is allocated. These are the structural determinants of the activities on which cost is being incurred and determine the behavior of the costs on an activity.
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