Archive | Cost Accounting

Essay on Cost (For Students) | Cost Accounting

Read this essay to learn about:- 1. Meaning of Cost 2. Cost Elements 3. Direct Costs and Indirect Costs 3. Classification. Essay # 1. Meaning of Cost: Cost is the sacrifice of resource to achieve an objective. In relation to production, cost is sacrifice of resource to produce goods. Cost is measured in monetary term. In the production of goods, [...]

By |2017-05-16T19:21:36+00:00May 16, 2017|Cost Accounting|Comments Off on Essay on Cost (For Students) | Cost Accounting
Read More

Essay on Activity Based Costing (ABC) | Business | Cost Accounting

Read this essay to learn about: 1. Introduction to Activity Based Costing (ABC) 2. Application of Activity Based Costing in Product Costing 3. Application in Service Industry. Essay # 1. Introduction to Activity Based Costing (ABC): Activity based costing (popularly known as ABC) relates to incur­rence of costs to activities which are termed as cost driver. In a competi­tive business [...]

By |2017-05-16T19:21:36+00:00May 16, 2017|Cost Accounting|Comments Off on Essay on Activity Based Costing (ABC) | Business | Cost Accounting
Read More
AccountingNotes.net. All rights reserved.
This website uses cookies and third party services. OK
Go to Top