Cost Accounting

Cost Sheet is a document that reflects the cost of the items and services required by a particular project or department for the performance of…

Different methods of analyzing Mixed Cost Mixed costs contain elements of both fixed and variable cost behavior. As with step costs, the fixed elements is…

Cost Sheet is a document that reflects the cost of the items and services required by a particular project or department for the performance of…

The behavior of costs is seen with respect to the change in volume. On this basis, costs are classified into Fixed Costs, Variable Costs, and…

Elements of Cost of manufacturing Product In the manufacturing industry, cost accounting is a fundamental requirement for achieving success. To be competitive and profitable, a…

A discretionary fixed cost has a short future planning horizon-under a year. These types of costs arise from annual decisions of Management to spend in…

Cost of goods sold (COGS) refers to the carrying value of goods sold during a particular period. Costs are associated with particular goods using one…

An opportunity cost is defined as the value of a forgone activity or alternative when another item or activity is chosen. Opportunity cost comes into…

Cost accounting is the process of collecting information about the costs incurred by a company’s activities, assigning selected costs to products and services and other…

Cost accounting is the process of collecting information about the costs incurred by a company’s activities, assigning selected costs to products and services and other…