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DARLY KARINA CORDOBA A.

1). The cost differs from the expense in that the cost is a direct part of the production process, so that the cost is present within the cost of the good produced or marketed, while the expense is not incorporated into the product.

2).Yes, since the costs that the product carries there depends on what the cost of it could be.

Juan Sebastián Leal Alvarez

 

1. The cost will be given to us by the expenses of a company in post of the provision of services or the production and manufacture of articles. The expense for its part, is the outlay of the company to carry out its usual activities, such as payments for office services: electricity, gas and telephone.

 

2. To compete in this globalized environment, companies need to determine how much it is costing them to manufacture their products or generate their services

Andrey Cuellar:

2. Yes, costs are very important to determine the price of a product since with them we can know how much money we invest in the product and thus give it a price that generates profitability and the business prospers.

mary luz g,p

1) they are different because the costs are a purchase that has been made that can market etc,and expenses are the public service payments or expenses of ourselves.

2) yes, because with the cost we can know what the price I can place on the product is.

1)The cost is a real or approximate value that is directly related to the production, the expense is an outlay of the company to carry out its activities, the cost is recovered the expense not.

2)They are very important because market prices also vary and the value of each product is made known and if it is an objective to save or spend.

Do you think costs are important to set the price of a product? Why? Why not

Yes, because according to the investment of the product, its sale price is established and thus obtain net profits

2. yes, because the cost is the value of transformation of the product which is analyzed the cost on the price you want to offer, whereas the price should cover the cost of processing the same product and likewise generating a profit per unit.

Rafael Estiven Fayad Luego

 

1.) The cost will be given to us by the expenses of a company in post of the provision of services or the production and manufacture of articles. The expense for its part, is the outlay of the company to carry out its usual activities, such as payments for office services: electricity, gas and telephone. - In other words, the cost is the investment made in the product, while the expense is the expenditure on activities related to the operation of the activity necessary for production.

 

2-) Yes. because Good cost management is one of the most important aspects within companies, to make good decisions, obtain a quality product or service, spending as little money as possible, offer reasonable prices to our clients, improve before the competition, and obtain greater profitability and income, it is essential for any company to have control of costs.

Andrey Cuellar:

1. The cost is the investment that is made in a product, therefore this money can be recovered. Expense is the disbursement of activities related to the operation of the activity necessary for production. they are different since the cost is a value that I can recover and the expense I cannot recover.

MONTOYA What is the difference between costs and expenses? Why do you think they are different?

The cost is given to us by the company in the provision of services and manufacturing and the expense is what the company wants to pay in the activities of the company.

since the cost differs from the expense in that the cost is a direct part of the production process, so that the cost is present within the good produced or marketed, while the expense is not incorporated into the product.

I think it is important up to a certain point. Before the product gets to the final consumer, some prices go up so that their production becomes profitable.

Costs are expected or calculated budgets to carry out a task. Expenses are the real amounts of money spent in an operation or task.

1. The difference between costs and expenses is that the costs are those incurred directly in the production of the product, likewise the expenses are all the economic value generated by the transformation of the product into are: payments of labor or public services, depreciation, insurance, etc.

Methods of Costing