Cost accounting cengage

  • How hard is cost accounting?

    Cost accounting involves assigning costs to cost objects that can include a company's products, services, and any business activities.
    Cost accounting is helpful because it can identify where a company is spending its money, how much it earns, and where money is being lost..

£43.99For forty years, Colin Drury's Management and Cost Accounting has successfully helped learners master the key concepts and processes of management and cost 
Metaphorically, shoe leather cost is the cost of time and effort that people expend by holding less cash in order to reduce the inflation tax that they pay on cash holdings when there is high inflation.
These costs include, having to make additional trips to the bank, not being able to make change, or not being able to make unexpected purchases.
The term comes from the fact that more walking is required to go to the bank and get cash and spend it, thus wearing out shoes more quickly.
A significant cost of reducing money holdings is the additional time and convenience that must be sacrificed to keep less money on hand than would be required if there were less or no inflation.

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