The different types of cost analysis include:
Estimates wherein a budget is used to estimate the costs a business would incur and this is essential for any strategy, plan or project a business is planning to undertake.
Costing wherein the total and actual cost associated with a project or plan or strategy is calculated by a business. This is done by calculating direct as well as indirect costs.
Comparative costing wherein the cost of different alternatives is compared to choose the most beneficial or profitable one.