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.
@harshrana9102 жыл бұрын
Mam your way of teaching is unique/different from other teachers. Thanku Soo much mam
@AyushKumar-gg2bn4 жыл бұрын
Mam you are such a great teacher I have ever seen ...keep it up👏👏
@UNICOMeducation4 жыл бұрын
Thank you Keep studying
@manojpant26232 жыл бұрын
@@UNICOMeducation mam ur way'of teaching is suppeerrbb ...no words to say to ur teach to us . Tqsm mam....u r smart also
@rajniparjapat64142 жыл бұрын
TQ so mch mam 🙏🙏 Best explanation 🔥🔥🔥
@omegaquad88875 жыл бұрын
Tysm Ma'am 😍
@maxe36292 жыл бұрын
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.
@SatyamKumar-ux5sw2 жыл бұрын
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🙂
@snehpreetkaurhora51793 ай бұрын
Thank you🙏
@vaibhavshah20633 жыл бұрын
Cost -reduction it is more better than cost control... Because to make increase Earning capacity of organization...
@TorchBearer6493 жыл бұрын
Cost reduction is preventive and Cost control is Coorective ..
@gramanathapai84773 ай бұрын
Good information, Thank you ma'am
@csriram85622 жыл бұрын
Anushri ji you are exceptional in basic concepts and very good in explaining them. Keep it up
@UNICOMeducation2 жыл бұрын
Thanks a lot
@nehasinha59483 жыл бұрын
Cost reduction is a preventive and cost control is a corrective bez it evaluate the present and past and take corrective action
@maxe36292 жыл бұрын
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.
@sonalsingh91593 жыл бұрын
Thank you
@aiswaryavr9762 ай бұрын
Thankyou mam❤️
@PradeepKumarSingh2 ай бұрын
Very nice explanation, Thanks Ma'am 🙏
@pushkarpandey72364 жыл бұрын
wow man nice explain ation
@ప్రసాద్కొలకలూరి5 жыл бұрын
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
@puccaknowledge9698 Жыл бұрын
Correct
@rajeshmohite40733 жыл бұрын
Nice Explanation
@sonusaini961311 ай бұрын
Good dee
@sonusaini961311 ай бұрын
Thanks for you
@niyazfatmi3457 Жыл бұрын
Thank u mam ....
@RockeybhaifromKGF4 жыл бұрын
Very good explanation madam thank you keep on same quality of teaching
@PRITYKUMARI-ou5pp2 жыл бұрын
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
@saabjalota65704 жыл бұрын
Simple and best 🥰 tq mam
@pramodanandjha5774 Жыл бұрын
Very good .
@maxe36292 жыл бұрын
Which one is corrective plz reply 🙏👍
@gurmukhaulakh83344 жыл бұрын
Thank you mam so much
@KBineetPrasadPatro4 жыл бұрын
Suitable example .
@gobindsharma49533 жыл бұрын
Mam such are you great teacher
@arofficial47342 жыл бұрын
You are just amazing mam
@giyu-zx6sg10 ай бұрын
Cost control is corrective and cost reduction is preventive as its focus on present reduction and further/future reduction
@Annuallrounder4 жыл бұрын
Thxx mam
@ajitbaghel1968 Жыл бұрын
Very nice it's really helpful & good method
@shrutijindal324b43 жыл бұрын
cost control corrective and cost reduction in preventive
@maxe36292 жыл бұрын
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.
@studentsfirstacademy50073 жыл бұрын
Great 🙏
@bhumikapandya3672 Жыл бұрын
Thank you so much it's very helpful for the exam 🙏🙌
@shrutiupadhyay84773 жыл бұрын
Cost reduction is preventive as compared to cost control
@maxe36292 жыл бұрын
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.
@shyamsundar51852 жыл бұрын
Very neat and clean explanation madam
@anagham35082 жыл бұрын
Mam.. Techniques of cost control and cost reduction is same ?
@kajalkhandve66423 жыл бұрын
Cost control is corrective and Cost reduction is preventive.......very nice explanation and clear communication
@lakshaysharma1012 жыл бұрын
Cost Control is a preventive function because it ascertains the cost before its occurrence. Cost Reduction is a corrective function.
@shadabsohail98982 жыл бұрын
Good teaching style mam
@Sudeshwargupta24223 жыл бұрын
Very nice speech
@KBineetPrasadPatro4 жыл бұрын
Understandable teaching mam . ,🤠🤠🤠🤠🤠🤠🤠🤠🤠🤠🤠
@shivajikshirsagar106310 ай бұрын
Control is corrective and red is preventive
@joginderrao66192 жыл бұрын
Cost cantrol are corrective and cost of reduction is preventing
@niyatisharma20225 жыл бұрын
Cost control is corrective measure and cost reduction is preventive measures.
@jainpraveen20034 жыл бұрын
कॉस्ट कंट्रोल प्रिवेंटिव है और कॉस्ट रिडक्शन करेक्टिव है
@puccaknowledge9698 Жыл бұрын
Cost reduction is corrective And control is preventive
@harmeshlal9475 Жыл бұрын
Corrective: cost control Preventive:cost reduction
@birendrakumarsahu17783 жыл бұрын
Aap mast explain karti ho.
@priyavashishth_2804v5 жыл бұрын
Cost control is corrective, cost reduction is preventive
@maxe36292 жыл бұрын
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.