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cost classification basescosts can be classified on either more or one of the given bases asa are the costs dependent on the level of output as like
cost classifications and estimationcost classification may be defined like the arrangement of cost items in a logical sequence having concern to
features of effective cost center frameworkduring the establishing cost centers an organization must consider the given points asa clear definition
manufacturing concern to organizationthere are three manufacturing centres as making packing and finishing these are supported through five
accounting records - nature and purpose of cost accountingthe quantitative information employed in the management and cost accounting systems can be
quantitative and qualitative information in accounting systems the availability of information is the lifeblood of any type of management and cost
budgetary planning and control - accounting techniquesa budget is a plan of action expressed in monetary terms therefore it is a quantified
variance analysis and standard costingstandard costing is defined with cima like a technique that uses standards for revenues and costs for the
relationship between cost accounting and business enterprisecost accounting like will be mentioned later to adopts a cost center approach to
operation and design of cost accounting systemsa number of features should be taken into account previously to finalizing the design of a cost and
business managementbusiness management includes planning and staffing organizing directing and controlling an organizations activities so like to
role of cost accounting in business managementthe system is a set of interdependent parts that together form a unitary whole such performs some
role of cost accounting in organizationlike part of their jobs such cost accountants interpret results and then report them to management and give
purpose of cost accounting informationcost accounting is employed for a number of reasons some of that are briefly described in the given points asa
cost benefit approach - terms used in cost accountingis the primary criterion for selecting with alternative accounting approaches there is a direct
cost accountant and cost analysiscost accountantis a member of chief accounting officers department and he is responsible for collecting product
cost units - terms used in cost accountingit is the quantitative units of the service or product in relation to those costs are ascertained the cost
cost - terms used in cost accountingit measures the economic sacrifice created to achieve an organizations aims for a product cost represents the
relationship among financial accounting and cost accountingthe difference among management and cost accounting may be highlighted by using a number
relationship among management accounting and cost accountingreferring to cimas definition for cost accounting we can determine cost accounting is a
management accountingit is the part of accounting such provides special-reason statements and reports to other persons and management inside the
financial accountingit is the analysis and recording and classification of financial transactions and the ascertainment of how that information will
cost accountingcost accounting has been defined via many accounting scholars in different forums there is no single watertight definition of cost
classic coolers manufactures portable coolers adorned with college logos during the first quarter of the year the company had the following
please kindly post some problems along with solutions so it is easy to understandi am quite satisfied by the per-forma you have