Cost Accounting
تعداد صفحه : 4Cost Accounting: The process of tracking, recording and analyzing costs associated with the activity of an organization, where cost is defined as required time or resources. Costs are by convention measured in units of currency. Costs were originally considered fixed (the term comes from a Latin root meaning constant) which worked well for very small businesses. In larger organizations, some costs tend to remain the same even during busy periods, while others rise and fall with volume of work. A more convenient way of categorizing these costs is to define them as either fixed or variable. Fixed costs were associated with the business administration, and did not change during quiet or busy times. Variable costs were associated with productive work, and naturally rose…
