cost accounting Antonyms
No Synonyms and anytonyms found
Meaning of cost accounting
Wordnet
cost accounting (n)
keeping account of the costs of items in production
cost accounting Sentence Examples
- Cost accounting involves tracking and analyzing all expenses incurred by a business.
- The principles of cost accounting help businesses understand their costs and make informed decisions.
- Cost accounting plays a crucial role in determining the profitability of products or services.
- Managers use cost accounting information to set prices and make budgeting decisions.
- Cost accounting provides insights into the efficiency of operations and identifies areas for improvement.
- Variance analysis is a common technique used in cost accounting to compare actual costs to budgeted costs.
- Activity-based costing is a method used in cost accounting to allocate overhead costs to products or services based on their consumption of resources.
- Cost accounting helps businesses evaluate the performance of different departments or segments.
- Cost accounting systems can be tailored to the specific needs of different industries or businesses.
- The information generated through cost accounting is essential for strategic planning and decision-making.
FAQs About the word cost accounting
keeping account of the costs of items in production
No synonyms found.
No antonyms found.
Cost accounting involves tracking and analyzing all expenses incurred by a business.
The principles of cost accounting help businesses understand their costs and make informed decisions.
Cost accounting plays a crucial role in determining the profitability of products or services.
Managers use cost accounting information to set prices and make budgeting decisions.
