Master Cost Classification Today!

Описание: Understanding how to classify costs is one of the most important foundations in accounting and cost management. In this lesson, we break down Cost Classification in the simplest and most practical way — using clear examples, visuals, and real-life applications.

In this video, you’ll learn:

✅ What Cost Classification means
✅ How costs are grouped by nature (Material, Labour, Expenses)
✅ How costs are grouped by function (Production, Administration, Selling & Distribution)
✅ How costs behave (Fixed, Variable, Semi-Variable)
✅ Historical vs Predetermined Costs
✅ Controllable vs Uncontrollable Costs
✅ Real-world examples — including a Biscuit Factory scenario
✅ Why proper cost classification helps managers, business owners, and accountants make better decisions

Whether you're a student preparing for exams, a business owner, or someone learning accounting from scratch, this lesson will help you understand Cost Classification quickly and clearly.