cost classification
Definition
The separation of expenses into different categories. For example, cost classification in economics might involve categories of fixed, variable, opportunity, production and sunk costs. On the other hand, accounting costs can be classified as either direct or indirect for a business.
Related Articles
- A Guide to Filing Your Tax Returns *
- What Is a Capital Gain and What Does It Mean For My Taxes? *
- Introduction to Inflation and its Impact *
- Budgeting and Saving, The Age-Old Dilemma *
- International Stocks *
- Introduction to Futures and Futures Trading *
- What Does It Mean To Corner The Market? *
- Fees and Expenses *
Related Videos
http://www.businessdictionary.com/definition/cost-classification.html
