Cost accounting can best be defined as

Methods of cost accounting
Cost accounting is the process of tracking, analyzing and summarizing all fixed and variable “input” costs related to the production of a product, acquisition of goods for sale or the delivery of a service.
These include material and labor costs, as well as operating costs associated with a product or service._{Jul 25, 2023}.
What is the best explanation of cost?
Cost is the monetary value of goods and services purchased by producers and consumers.
For example, a consumer typically equates cost with the price of a good (such as a loaf of bread, a pair of shoes, or a car) or a service (such as a haircut or a night in a hotel)..
What is the definition of accounting costs and examples?
Accounting cost can be defined as the cost of activity as recorded.
Accounting costs are tangible costs comprising business fundamentals like payroll, production costs, and marketing budgets.
Accounting costs are recorded in the business ledgers so that they appear in its financial statements..
Which of the following describes cost accounting?
Cost accounting is the process of tracking, analyzing and summarizing all fixed and variable “input” costs related to the production of a product, acquisition of goods for sale or the delivery of a service.
These include material and labor costs, as well as operating costs associated with a product or service._{Jul 25, 2023}.

Methods of cost accounting