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.