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cost accounting

NOUN
  1. keeping account of the costs of items in production

How To Use cost accounting In A Sentence

  • By the 3rd millennium B.C., they had developed a primitive form of cost accounting, elaborate techniques of budgeting and planning, and calculative techniques for devising labor standards.
  • In order to deal with the problems of budgeting for this it is necessary to know something of company financial and cost accounting.
  • Batch cost accounting method depending on the value of the three conditions.
  • In the lecture he also examined the notions of cost and cost accounting in relation to the pricing of cost-plus contracts during the second World War.
  • In other words it is a part of the larger and even more complex issue of the relevance of current cost accounting.
  • Problems of the current cost accounting methodology in domestic logistics enterprises must be solved with new methods.
  • However, there are many public sector organizations which are unlikely to adopt current cost accounting.
  • Moreover, current cost accounting strictly demands that a business's cash book be segregated into capital and revenue cash.
  • This is known as replacement cost accounting as opposed to historic cost accounting when the original cost is retained.
  • However, there are many public sector organizations which are unlikely to adopt current cost accounting.
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