Nonvalue-added cost
Revision as of 20:11, 10 July 2020 by QiratH (talk | contribs) (Created page with "Nonvalue-added cost is cost that, if eliminated, would not reduce the actual or perceived value or utility (usefulness) customers obtain from using the product or service....")
Nonvalue-added cost is cost that, if eliminated, would not reduce the actual or perceived value or utility (usefulness) customers obtain from using the product or service.
Definitions
According to Cost Accounting by Horngren, Datar, Rajan (14th edition),
- Nonvalue-added cost. A cost that, if eliminated, would not reduce the actual or perceived value or utility (usefulness) customers obtain from using the product or service.
