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Chartered Management Accountant
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Home Posts tagged "Costing"

Tag: Costing

Effective Costing Of Products & Services

A while ago in the blog Why Fixed Overheads Are So Important we discussed fixed costs and their negative effects. These are even more important when looking to make decisions in times of trauma, especially if sales are falling. This is when the effective costing of products & services can make…

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w3l75455oC-92783 5th January 2023 5th January 2023Effectiveness Costing, Effective, Effectiveness, Profitability

Why Are Sunk Costs Important?

Businesses and individuals tend to consider past costs when making decisions so to them why are sunk costs important? It’s a psychological thing. A sunk cost is any cost that has already been made or committed to in a way that cannot be cancelled. You hear all the time: “We…

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w3l75455oC-92783 3rd May 2022 3rd May 2022General Costing, Effectiveness, Sunk costs
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