Discussion 3b and 4b

Discussion 3b and 4b

Discussion And Evaluation Of The Various Cost Descriptors

As a Human Resource manager for IBM, it is their job to understand the current budget and how cost affects this budget. The management of IBM considers that cost can be defined as an amount paid or required in payment for a purchase. Cost can be classified in many ways: fixed, variable, direct, indirect and sunk just to name a few. Fixed costs were mostly associated with administrative cost (Lederer & Mehta, 2005). Fixed costs include items like rent, utilities and insurance. Variable cost are cost that vary ...