Cost Descriptors Memo
Running Head: Cost Descriptors Memo
Cost Descriptors Memo
Memo
To: Human Resource Manager
From:
Date: 5/11/2008
Re: Understanding descriptors cost in the current budget discussion
The Human Resources Department has been struggling to understand current budget discussions and how the cost affects the budget. When engaging in a budget discussion it is very important to be able to understand the various terms that are used. The cost can be defined as an amount paid or required in payment for a purchase. The purpose of this memo is to identify and define the various terms used to describe cost. The terms that will be specifically addressed are fixed, variable, indirect, direct and sunk costs and a few more. There will also be examples provided to eliminate any confusion.
FIXED COSTS: The fixed cost is defined to be, cost that does not change in proportion to the activity of a business within range of productivity. An example of fixed cost would be the set amount that a......
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Approximate Word Count: 479
Approximate Pages: 2 (250 words per double-spaced page)
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