Controllable Costs - Accounting

Controllable Costs - Accounting

Assessment

Interactive Video

Business

University

Hard

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The video tutorial explains three types of costs: controllable, non-controllable, and partially controllable. Controllable costs are those a manager can change based on decisions, like a family's dining out budget. Non-controllable costs, such as rent, are fixed and hard to alter. Partially controllable costs, like food and gas, can be adjusted but not eliminated. The tutorial uses family budgeting examples to illustrate these concepts.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What are some strategies a family can use to deal with non-controllable costs like rent?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

In what ways can a family manage their food budget as a controllable cost?

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