Tag: marketing service notes

Nature Helps in Decision Making: Cost accounting helps in decision making. It provides vital information necessary for decision making. For instance, cost accounting helps in deciding: …

Methods to be used for the ascertainment of cost of production differ from industry to industry. It primarily depends on the manufacturing process and also …

A costing system is an established set of procedures, rules, cost records, etc., for the purpose of achieving specified objective at minimum cost. It forms …

Material costing is the process of determining the costs at which inventory items are recorded into stock, as well as their subsequent valuation in the …

Overhead includes all the costs associated with the predicated with the production of goods and services other than direct, direct materials and direct expenses. Hence, …

Cost Sheet is a statement which presents detailed information relating to the various stages of cost. It also shows the total cost of the product …

Managerial accounting involves collecting, analyzing, and reporting information about the operations and finances of a business. These reports are generally directed to the managers of …