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what is cost accounting?

September 2nd, 2010 | Add a Comment

Rahmat Ullah Khan asked: Cost Accounting: System for recording and reporting measurements of the cost of manufacturing goods and performing services in the aggregate and in detail. It includes methods for reorganizing, classifying, allocating, aggregating, and reporting actual costs and comparing them with standard costs. Determination of unit cost to make a product or render a service is needed to establish a selling price or fee to be charged. Also, costs for manufacturing a product for … Read entire article »

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