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.