"Why is an organization s cost allocation method an important part of its cost accounting system" Essays and Research Papers

Sort By:
Satisfactory Essays
Good Essays
Better Essays
Powerful Essays
Best Essays
Page 8 of 50 - About 500 Essays
  • Better Essays

    Cost Method Paper

    • 1000 Words
    • 4 Pages

    Head: Costing Methods Paper Costing Methods Paper Lavelle Haynes ACC/561 February 14‚ 2011 Professor Micheal Gaspar Super Bakery is a distinguished company created in 1990. The company has is a supplier of mineral‚ vitamin‚ and protein enriched doughnuts. The strategy applied by the company is job order cost method. Job costing is a product costing system when costs are accumulated by specific job orders and assigned to batches of products. In other words‚ manufacturing costs are assigned

    Premium Costs Activity-based costing Management accounting

    • 1000 Words
    • 4 Pages
    Better Essays
  • Powerful Essays

    Impact of Cost Accounting

    • 3127 Words
    • 13 Pages

    IMPACT OF COST ACCOUNTING ON FINANCIAL DECISION INTRODUCTION In the modern business world‚ the nature and functioning of business organizations have become very complicated. They have to serve the needs of variety of parties who are interested in the functioning of the business. These parties constitute the owners‚ creditors‚ employees‚ government agencies‚ tax authorities‚ prospective investors‚ and last but not the least the management of the business. The business has to serve the needs

    Premium Cost accounting Management accounting

    • 3127 Words
    • 13 Pages
    Powerful Essays
  • Good Essays

    ADVANTAGES OF COST ACCOUNTING 1. Fixation of responsibility: Whenever a cost center is established‚ it implies establishing a kind of relationship between superior and subordinates. Thus responsibilities are fixed on every individual who is concerned with incurrence of cost. 2. Measures economic performance: By applying cost control techniques such as budgetary control and standard costing it helps in assisting the performance of business. 3. Fixation of price: By providing cost data it

    Premium Cost accounting Cost Costs

    • 576 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Cost Accounting Answers

    • 9270 Words
    • 38 Pages

    COSTING 4-1 Cost pool––a grouping of individual indirect cost items. Cost tracing––the assigning of direct costs to the chosen cost object. Cost allocation––the assigning of indirect costs to the chosen cost object. Cost-allocation base––a factor that links in a systematic way an indirect cost or group of indirect costs to cost objects. 4-2 In a job-costing systemcosts are assigned to a distinct unit‚ batch‚ or lot of a product or service. In a process-costing system‚ the cost of a product

    Premium Costs Variable cost Cost accounting

    • 9270 Words
    • 38 Pages
    Good Essays
  • Powerful Essays

    Historical Cost Mean? A measure of value used in accounting in which the price of an asset on the balance sheet is based on its nominal or original cost when it was acquired by the company. The historical-cost method is used for assets in the United States under generally accepted accounting principles (GAAP). Cost concepts and terms 1. Cost The amount of expenditure (actual or notional) incurred on or attributable to a specified article‚ product or activity is referred to as cost. 2

    Premium Costs Variable cost

    • 7133 Words
    • 29 Pages
    Powerful Essays
  • Good Essays

    Assignment on Cost Accounting

    • 12305 Words
    • 50 Pages

    Cost Accounting Cost accounting is a step further to and a refinement of financial accounting in which cost of manufacturing and selling each product or job or rendering service is determined‚ not at the time of accounting period but at the time when the product is manufactured or any service is rendered. In simple words‚ costing is a systematic procedure for determining the unit cost of output produced or services rendered. It provides for an analysis of the expenditure which enables the management to

    Premium Costs Management accounting Cost

    • 12305 Words
    • 50 Pages
    Good Essays
  • Better Essays

    Fundamentals of Cost Accounting

    • 42084 Words
    • 169 Pages

    Define cost object and give three examples Cost object is defined as “Anything for which a separate measurement of cost is desired”. The term cost object and cost objective is synonymous. Cost object may refer to a process‚ a cost centre‚ and cost units. Cost unit is a quantitative unit of product or service in relation to which cost are ascertained. Cost centre is a location‚ function or item of equipment in respect of which cost are ascertained. 2. Define cost accumulation

    Premium Costs Management accounting

    • 42084 Words
    • 169 Pages
    Better Essays
  • Good Essays

    Problems on Cost Accounting

    • 70232 Words
    • 281 Pages

    Study Material INTEGRATED PROFESSIONAL COMPETENCE COURSE Cost Accounting and Financial Management Part 1 : Cost Accounting Vol. I The Institute of Chartered Accountants of India (Set up by an Act of Parliament) New Delhi PAPER 3 COST ACCOUNTING AND FINANCIAL MANAGEMENT Part – 1 : Cost Accounting VOLUME – I BOARD OF STUDIES THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA This study material has been prepared by the faculty of the Board of Studies. The objective of the

    Premium Management Education Learning

    • 70232 Words
    • 281 Pages
    Good Essays
  • Satisfactory Essays

    Cost Accounting Manual

    • 37422 Words
    • 383 Pages

    Cost Accounting Manual 2013 STUDY NOTES FOR COST ACCOUNTING BY ATAUSH SHAFI Last Updated on: Tuesday‚ January 01 01‚ 2013 1 © For Suggestions & Feedbacks‚ contact: ATAUSH SHAFI (ataushshafi@gmail.com) Cost Accounting Manual 2013 Table of Contents CIMA OFFICIAL TERMINOLOGY .................................................................................... 3 COST OF GOODS SOLD FORMULE................................................................................ 13 COST CLASSIFICATION ...

    Premium Management accounting Variable cost Costs

    • 37422 Words
    • 383 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Cost Accounting Solutions

    • 8165 Words
    • 33 Pages

    Implement the decision‚ evaluate performance‚ and learn  An example of interdependencies include absenteeism/low employee morale and  increased labour costs.  11‐2  Relevant costs are expected future costs that differ among the alternative courses  of  action  being  considered.  Historical  costs  are  irrelevant  because  they  are  past  costs  and‚ therefore‚ cannot differ among alternative future courses of action.  11‐3  Quantitative  factors  are  outcomes  that  are  measured  in  numerical 

    Premium Variable cost Costs

    • 8165 Words
    • 33 Pages
    Satisfactory Essays
Page 1 5 6 7 8 9 10 11 12 50