The Four A’s of Total Cost Data Student’s Name Institutional Affiliation Four A’s of Total Cost Data Introduction The total cost is a wide-ranging concept which is quite imperative to an organization. In essence, the total cost is an important indicator of whether or not a firm should carry on its operations. The information on total cost, therefore, is essential in any organization. This paper delves into the four A's of complete cost data. It establishes that the four A's encompass; data absent from entire cost model, data based on assumptions, approximations, and actual data. Furthermore, it uncovers that the actual data includes transport charges, unit prices, and tariffs. Four...
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