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COSTS, their usefulness can be summarised as follows, can be undertaken in…
COSTS
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Cost data
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Uses
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Profits or looses cannot be calculate without cost data so if costs are not calculate, businesses will not take accurate decisons
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Calculating different options costs, can assist managers in their decision making and improve business performance
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Margin of safety
the amount by which the sales level exceeds the break- even level of output: it indicates how much sales could fall without t the firm falling into loss. For example: production over B.E.P= 200/450= 50.0%
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