B2 to press or be pressed against something with a circular or up-and-down repeated movement: She yawned and rubbed her eyes sleepily. He rubbed (at) the stain on his trousers and made it worse. We rubbed some polish into the surface of the wood.
(Answer #1). Economic cost is a more comprehensive idea that accounting costs. Accounting costs only include what economists call explicit costs.. These are the amounts that a firm actually pays out to other people in the process of producing their product.ence, the difference between the economic cost and accounting cost is that the economic cost comprises the opportunity cost, while the accounting cost does not. Although the accounting costs are very important to company owners, the economists are mainly focused on economic costs rather than accounting costs.
Cost accounting describes several different systems of approximating the cost of producing certain products in the manufacturing industry, or completing certain jobs in the service industry. Activity-based costing (ABC) is the most widely adopted and well-known method of cost accounting. third system, process costing, is used by companies that have consistent production of the exact same product or service. A cost is assigned to processing units. That cost becomes either the input of the next division in the production chain or part of the final product.