Cost Classification

Essay specific features

 

Issue:

Business

 

Written by:

Florence P

 

Date added:

October 15, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 594

 

Was viewed:

1151 times

 

Rating of current essay:

 
Essay content:

In a manufacturing concern total operating cost in divided into (1) manufacturing cost and (2) commercial expenses. Manufacturing cost often name production cost or factory cost is the head during the accounting period the part of manufacturing past represent work completed is transferred to finished goods while incomplete works remain in work in process...
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An expenditure classified originally as assets will ultimately flow into the expense stream when the assets is either consumed or charged off. Cost accounting has long been used to help managers understand the costs of running a business. Modern cost accounting originated during the industrial revolution, when the complexities of running a large scale business led to the development of systems for recording and tracking costs to help business owners and managers make decisions...
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