Скачать или смотреть Cost Accounting - Definition, Purpose, Types, How it Works?

In this video, we will examine Cost Accounting Definition along with its types and purpose.

𝐖𝐡𝐚𝐭 𝐢𝐬 𝐂𝐨𝐬𝐭 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠?
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Cost accounting is the art and science of recording, categorizing, summing up, and examining costs to help management in making reasonable financial decisions.

𝐂𝐨𝐬𝐭 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠 𝐏𝐮𝐫𝐩𝐨𝐬𝐞
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#1 - Control Cost
#2 - Cost Calculation
#3 - Decrease of Cost

𝐓𝐲𝐩𝐞𝐬 𝐨𝐟 𝐂𝐨𝐬𝐭𝐬 𝐢𝐧 𝐂𝐨𝐬𝐭 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠
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#1 - Direct Costs

Direct costs are directly involved in the production of goods and services

#2 - Indirect Costs

Indirect Costs are costs that cannot be recognized easily.

#3 - Fixed Costs

Fixed costs are costs that do not alter as production units increase or decrease.

#4 - Variable Costs

Variable Costs are costs that alter as production units increase or decrease.

#5 - Semi - Variable Costs

Semi - Variable Costs is combination of fixed Costs and variable Costs.

To know more about 𝐂𝐨𝐬𝐭 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠, you can go to this 𝐥𝐢𝐧𝐤 𝐡𝐞𝐫𝐞:- https://www.wallstreetmojo.com/cost-a...

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