The main purpose of cost accounting is to provide mangement with financial information necessary
4 types namely, 1.WASTES 2.SCRAP 3.SPOILAGE 4.DEFECTIVE
cost accounting is used instead of financial accounting because cost accounting is used to determine the cost of the good produced
Management accounting includes both financial and cost accounting, tax planning and tax accounting. Cost accounting, on the other hand, does not include financial accounting, tax planning and tax accounting.
We want to sell scrap metal what is the cost for scrap metal per kg/
answer
scrap value is the residual value of an asset. the valu of an asset which exists after its estimated life period
Cost accounting is a subset of management accounting, although the two are used interchangeably.
compare and contrast cost accounting and financial accounting
what are the various classification of cost accounting?
Nicholas Dopuch has written: 'Solutions manual for Cost accounting' -- subject(s): Cost accounting 'Cost accounting' -- subject(s): Cost accounting
What are the function and responsiblity of Cost Accounting
what are the various classification of cost accounting?