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... displayed 300 characters
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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... displayed 300 characters
