AVOIDABLE COST Definition

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AVOIDABLE COST is the amount of expense that would not occur if a particular decision were to be implemented (e.g., if an employee is laid off at a company that is self-insured for unemployment compensation, the avoidable cost is total direct salary less payments for unemployment benefits plus savings in employee benefits).

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SUMMARY ACCOUNT is a ledger account (such as a control account) whose balance represents the total of other account balances.

MIS see MANAGEMENT INFORMATION SYSTEM.

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