Objectives of cost accounting, Cost Accounting

OBJECTIVES OF COST ACCOUNTING

1)To help in the development of long range plans by provided that cost data that acts as a origin for projecting data for planning.

2)To make sure well-organized cost control by communicating necessary data costs at regular intervals and thus minimize the cost of manufacturing.

3)Find out cost of activities or products, which is   helpful in   the purpose of quotation or selling price.

4)To recognize profitability of each process, department ,product, etc, of the business.

5)To offer management   with information in association with a variety of operational troubles by comparing the definite cost with standard cost, which discloses the variances or discrepancies.

Posted Date: 10/15/2012 6:43:58 AM | Location : United States







Related Discussions:- Objectives of cost accounting, Assignment Help, Ask Question on Objectives of cost accounting, Get Answer, Expert's Help, Objectives of cost accounting Discussions

Write discussion on Objectives of cost accounting
Your posts are moderated
Related Questions
sums with solution of marginal costing

i want some informations about elements of manufacturing cost

Contract Accounts It is a separate account such is maintained and opened for every contract undertaken for the reasons of accumulating cots.  Every contract is given a number

Moore Corporation follows a policy of a 10% depreciation charge per year on all machinery and a 5% depreciation charge per year on buildings (the corporation uses the nearest full

Find a journal article online about just-in-time inventory systems. In the subject line of your post, include the title of the article that you read. Post a link to that article wi

specimen of cost sheet

Flexible budgets provide different information than static budgets. Discuss some of these differences. Is a flexible budget always better? Are there times when you’d recom

Methods of Work in Progress The two main methods used for purposes of valuing the opening work in progress: 1. Weighted Average Method 2. FIFO or First In First out Meth

Lapsol limited manufacture electrical appliances for the export market. The management of the company are considering investing in one of two possible capital expenditure projects.

i have a factory and 87 employees . we have a closure plan in 12 months. what would be the charges?