What are the purposes of cost accounting? (Business Opportunities - Home Business)
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What are the purposes of cost accounting? | |
What are the purposes of cost accounting? What is cost accounting? It is a form of managerial accounting to assess and calculate the cost of production using variable costs and fixed costs incurred during every step of the cost of production of products. The manufacturing industry uses cost accounting mainly to set the prices without incurring a loss to the company. If the company does not use cost accounting in manufacturing the product, it might incur a loss by under-pricing or lack of sales due to overpricing. Therefore, calculating the ideal price for the product or service using the cost accounting principles. https://tinyurl.com/zerylyl There are different types of costs involved in running the business as follows. • Fixed costs variable costs • Direct and indirect costs.  | |
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| Target State: All States Target City : London Last Update : Jan 21, 2021 4:59 AM Number of Views: 11 | Item Owner : Vathani Ariyam Contact Email: Contact Phone: 07415003212 |
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2021-02-25 (0.392 sec)