Investment center is a segment of an organization given the responsibility for its own revenues, costs and capital investments. It…
Profit center is a segment of an organization where costs are incurred and revenues are earned. It is therefore accountable…
Cost unit is a unit of output (product or service) to which costs can be related. Cost center is any…
Cost center is any part of an organization where costs are incurred and is only responsible for the costs that…
Cost unit is a unit of output (product or service) to which costs can be related. Students not familiar with…
Cost behavior is the manner in which a cost behaves in response to a change in level of production or…
Cost represents the expenditure incurred by a business to acquire goods, services or assets. Accountants classify these costs in different…
Cost is the amount spent on manufacturing or purchasing goods or services, or the amount spent to construct or purchase…
All professional accountancy qualifications such as chartered accountancy, ACCA etc. have a subject of cost and management accounting as there…
All businesses try to manage their operations as efficiently as possible in order to meet their goals and objectives. For…