1.0Learning & Education Portalhttps://astan.lk/al_virtualclassroomAdminhttps://astan.lk/al_virtualclassroom/author/astan-preceptor1/Production Cost - Learning & Education Portalrich600338<blockquote class="wp-embedded-content" data-secret="bmQSxhYPxH"><a href="https://astan.lk/al_virtualclassroom/production-cost/">Production Cost</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://astan.lk/al_virtualclassroom/production-cost/embed/#?secret=bmQSxhYPxH" width="600" height="338" title="“Production Cost” — Learning & Education Portal" data-secret="bmQSxhYPxH" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript">
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The opportunity cost of all economic resources forgone for a particular production process can be identified as production cost. In economics, opportunity cost is considered as production cost which it includes both direct and indirect costs. In accounting, only direct costs will be considered. Indirect cost/ assumed cost means, earnings of factors forgone to employ […]