Cost control is a preventive. Costs are optimize before they are incurred. Cost reduction is a corrective function. It operates even when an efficient cost control system exits.
Cost control is corrective as it corrects the past variance Cost reduction is preventive as it eliminates the non value adding process. Correct me if I'm wrong
The aim of cost control is to see that actual costs do not exceed the predetermined costs; so it is a preventive function. On the other hand, cost reduction is a corrective function because it challenges the predetermined costs and seeks to improve the performance by reducing cost of increasing production.
hey, mam said that there is nothing like standard cost or something like this in case of cost reduction ..... than how cost reduction can be a corrective function..... i have my exam tomorrow so will be thankful if you can answer today🙂
The aim of cost control is to see that actual costs do not exceed the predetermined costs; so it is a preventive function. On the other hand, cost reduction is a corrective function because it challenges the predetermined costs and seeks to improve the performance by reducing cost of increasing production.
Cost control is a preventive function..because we estimate cost before it incurs..and cost reduction is a corrective function because we correct it even whem an efficient controlling function exist
The aim of cost control is to see that actual costs do not exceed the predetermined costs; so it is a preventive function. On the other hand, cost reduction is a corrective function because it challenges the predetermined costs and seeks to improve the performance by reducing cost of increasing production.
The aim of cost control is to see that actual costs do not exceed the predetermined costs; so it is a preventive function. On the other hand, cost reduction is a corrective function because it challenges the predetermined costs and seeks to improve the performance by reducing cost of increasing production.
The aim of cost control is to see that actual costs do not exceed the predetermined costs; so it is a preventive function. On the other hand, cost reduction is a corrective function because it challenges the predetermined costs and seeks to improve the performance by reducing cost of increasing production.
Mam your way of teaching is unique/different from other teachers.
Thanku Soo much mam
Cost control is a preventive. Costs are optimize before they are incurred.
Cost reduction is a corrective function. It operates even when an efficient cost control system exits.
Mam you are such a great teacher I have ever seen ...keep it up👏👏
Thank you
Keep studying
@@UNICOMeducation mam ur way'of teaching is suppeerrbb ...no words to say to ur teach to us . Tqsm mam....u r smart also
Cost control is corrective as it corrects the past variance
Cost reduction is preventive as it eliminates the non value adding process.
Correct me if I'm wrong
Correct
The aim of cost control is to see that actual costs do not exceed the predetermined costs; so it is a preventive function. On the other hand, cost reduction is a corrective function because it challenges the predetermined costs and seeks to improve the performance by reducing cost of increasing production.
hey,
mam said that there is nothing like standard cost or something like this in case of cost reduction ..... than how cost reduction can be a corrective function.....
i have my exam tomorrow so will be thankful if you can answer today🙂
Cost -reduction it is more better than cost control... Because to make increase Earning capacity of organization...
Anushri ji you are exceptional in basic concepts and very good in explaining them. Keep it up
Thanks a lot
TQ so mch mam 🙏🙏
Best explanation 🔥🔥🔥
Cost control is corrective and cost reduction is preventive as its focus on present reduction and further/future reduction
Cost reduction is a preventive and cost control is a corrective bez it evaluate the present and past and take corrective action
The aim of cost control is to see that actual costs do not exceed the predetermined costs; so it is a preventive function. On the other hand, cost reduction is a corrective function because it challenges the predetermined costs and seeks to improve the performance by reducing cost of increasing production.
Cost reduction is preventive and Cost control is Coorective ..
Very good explanation madam thank you keep on same quality of teaching
Cost control is a preventive function..because we estimate cost before it incurs..and cost reduction is a corrective function because we correct it even whem an efficient controlling function exist
Cost reduction is preventive as compared to cost control
The aim of cost control is to see that actual costs do not exceed the predetermined costs; so it is a preventive function. On the other hand, cost reduction is a corrective function because it challenges the predetermined costs and seeks to improve the performance by reducing cost of increasing production.
Corrective: cost control
Preventive:cost reduction
Good information, Thank you ma'am
Cost Control is a preventive function because it ascertains the cost before its occurrence. Cost Reduction is a corrective function.
Tysm Ma'am 😍
Which one is corrective plz reply 🙏👍
Very nice it's really helpful & good method
Thank you so much it's very helpful for the exam 🙏🙌
Suitable example .
Control is corrective and red is preventive
Cost reduction is corrective
And control is preventive
cost control corrective and cost reduction in preventive
The aim of cost control is to see that actual costs do not exceed the predetermined costs; so it is a preventive function. On the other hand, cost reduction is a corrective function because it challenges the predetermined costs and seeks to improve the performance by reducing cost of increasing production.
Mam.. Techniques of cost control and cost reduction is same ?
Cost control is corrective, cost reduction is preventive
The aim of cost control is to see that actual costs do not exceed the predetermined costs; so it is a preventive function. On the other hand, cost reduction is a corrective function because it challenges the predetermined costs and seeks to improve the performance by reducing cost of increasing production.
Cost control is corrective and Cost reduction is preventive.......very nice explanation and clear communication
Good teaching style mam
Cost reduction is preventive
And cost control is corrective
Very neat and clean explanation madam
Nice Explanation
wow man nice explain ation
Cost control is prevetive in nature
Cost reduction corrective in nature
Cost cantrol are corrective and cost of reduction is preventing
Very good .
Cost control is Corrective
Cost Reduction is preventive
Mam such are you great teacher
Bacha liya mam aap ne kal he exam hai... Me to kt/at ka soch liya tha
Understandable teaching mam .
,🤠🤠🤠🤠🤠🤠🤠🤠🤠🤠🤠
Simple and best 🥰 tq mam
Thank u mam ....
Cost reduction is preventive as well as corrective
Please provide videos in english
Yess mam plzzzz
Cost control is corrective measure and cost reduction is preventive measures.
कॉस्ट कंट्रोल प्रिवेंटिव है और कॉस्ट रिडक्शन करेक्टिव है
Cost reduction - corrective
Cost control- preventive
Preventive
You are just amazing mam
Thank you
Cost-Control is Corrective where as Cost-Reduction is Preventive.
Wrong bro
Thxx mam
Tqx madam ji i appreciated
Cost reduction is corrective
Very nice speech
Cost control should be preventive and Cost reduction should be corrective.
Aap mast explain karti ho.
Cost reduction corrective
Cost control preventive
Great 🙏
Mam bcom ka students yh video de apna chapter cover kr skte hai?m
Yes you can
Cost control preventive
CC-preventive
CR- corrective
Mam aapse suggestions leni
Good dee
Thanks for you
Little slowly
Mam 1 vedio is not der
Cost control is corrective because of we spend much money to increase performance of products
And cost reduction is preventive 🙂
Thanks for teaching 😊
Preventive - Cost Control
Corrective - Cost Reduction
Cost control is preventive and cost reduction is corrective
Cost control is corrective but cost reduction is preventive
Cost control is corrective and cost reduction is preventive
You need speak in English
bakbas
Omg sayd ye sir màm se jada pda skte h i mean agar mam ne bkvas 2% pdaya pr ye sir 98% bkvas pdhà skte h
Thank you mam so much
Cost control preventive
Cost reduction is corrective and cost control is preventive