by Accountant Town | Aug 16, 2019 | Types
Cost Accounting – Finding Cost PRINCIPLES AND GENERAL METHODS OF COST FINDINGCalculating CostsThe conditions of manufacture determine the basis on which costs are calculated; and according to these conditions, costs are found either (1) on the order, job or...
by Accountant Town | Aug 16, 2019 | Types
Cost Accounting – Interest Cost INTEREST IN ITS RELATION TO COST Should Interest be Included in Cost?As there is a difference of opinion among accountants as to treating interest as a cost of production, the views of two writers of prominence are quoted at...
by Accountant Town | Aug 16, 2019 | Types
Cost Accounting – Allocating Indirect Expense METHODS OF DISTRIBUTING INDIRECT EXPENSES There are seven methods of distributing indirect expenses which may be considered as more or less standard. A study of methods found elsewhere under other names will show...
by Accountant Town | Aug 16, 2019 | Types
Cost Accounting – Wage Systems WAGE SYSTEMS Since the prime object of cost systems and cost methods is to increase efficiency, and since a knowledge of wage systems is necessary for the designing of a proper cost system, it is very necessary that the accountant...
by Accountant Town | Aug 16, 2019 | Types
Cost Accounting – Material and Labor RECORDING THE MATERIAL AND LABOR COSTS Requirements of Cost FindingThe final cost of any order, article or process may be divided into four principal parts, viz:(1) Material cost(2) Labor cost(3) Department indirect...
