Elements of costs

One cost term that isn't familiar is attributable cost. As an accountant or manager, you may have used it in...

Conversion cost is an important term to any manufacturing business. You might be a shoe cobbler (someone who makes shoes),...

Replacement cost is a term used in cost accounting. However, finance or investing prefer the world replacement value. No matter...

Cost is important to business owners and managers. To earn revenue, costs must be incurred. So far, various types of...

In making decisions only costs that are relevant to it are considered. However, this does not mean that the costs...

Controllable costs are always within the control of a particular department head. However, for non-controllable cost, the department head may...

Costs in performance management or cost accounting can be explained in a variety of ways. This is based on various...

So far, we have discussed various cost classifications. However, there is more to write on. In this article, cost behavior...