How to Use
 

Current Term

6.2.3 Cost accounting

Level 1

  • 1. Structure
  • 2. Marketing and sales
  • 3. Operations
  • 4. Information
  • 5. Human resources
  • 6. Finance

Level 2

Level 3

Level 4

Definition

Understanding the cost of producing one's product or service, both generally and for each unit.

Similar Terms

  • Variable cost analysis

3 Good Questions

  1. Who doesn't need to know what our product costs to make?
  2. What's the ideal ratio of labor to materials?
  3. How could our top three suppliers help reduce variable costs?