Current term
6.2.3 Cost accounting
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Level 1
- 1. Structure
- 2. Marketing and sales
- 3. Operations
- 4. Information
- 5. Human resources
- 6. Finance
Level 2
Level 3
Level 4
Cost accounting
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
- Who doesn't need to know what our product costs to make?
- What's the ideal ratio of labor to materials?
- How could our top three suppliers help reduce variable costs?
Approved Resources
- Article: Cost Accounting
- Worksheet: Cost Accounting for Dummies Worksheet
- Article: Cost Accounting Basics
- CMTP Best practices post: Know Thy Costs or Meet Thy Doom
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