Cost accounting terminology pdf

  • Terminologies of cost accounting

    Cost accounting is a managerial accounting process that involves recording, analyzing, and reporting a company's costs.
    Cost accounting is an internal process used only by a company to identify ways to reduce spending..

  • What are cost accounting terms?

    Cost accounting considers all input costs associated with production, including both variable and fixed costs.
    Types of cost accounting include standard costing, activity-based costing, lean accounting, and marginal costing..

Activity-Based Costing - A cost accounting method that measures the cost and performance of process related activities and cost objects. It assigns cost to cost 

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