BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Composite Cost Unit: Sometime two measurement units are combined together to know the cost of service or operation. These are called composite cost units. Examples of Composite units are Ton-km., Quintal-km, Passenger-km., Patient-day etc.

Detailed explanation-2: -Cost accounting is the process of estimating and classifying costs of healthcare incurred by governments or other organizations. The costs are categorized under various heads e.g. salaries, material costs, radiology costs, canteen, allied services for visitors, burden costs (rent, water, electricity etc.).

Detailed explanation-3: -These are called composite cost units. For example, a public transportation undertaking would measure the operating cost per passenger per kilometre. Examples of Composite units are Ton-km., Quintal-km, Passenger-km., Patient-day etc.

Detailed explanation-4: -Examples of service cost components include equipment, staff labor, professional fees, software, license fees, and data center charges, to name just a few.