Activity Based Costing: Meaning, Features, and Advantages
What is ABC (activity based costing)? It is the collection of financial, operational, performance information tracing the significant…
Process Costing: Meaning, Characteristics, and Objectives
Process Costing is a method of costing used to ascertain the cost of a product at each process…
Single Costing: Meaning, Characteristics, and Objectives
The single Costing method of the ascertainment of the cost of production is suitable for those industries in…
How to the Classification of Cost according to 4 functions?
Classification of Cost according to 4 functions: This is a traditional classification. A business has to perform several…
What is the Cost concepts in Cost accounting? Discussion
Top 17 Cost concepts in Cost accounting: They are; 1) Product and period costs, 2) Common and joint…
Techniques and methods of costing in Cost accounting
The techniques and methods of costing in Cost accounting are to explain their points one by one. First,…
What is the importance of Cost accounting? Discussion
Importance of Cost accounting: Cost accounting is the accounting of the cost. It is made of two words-Cost…