Cost control helps departments meet their budgets. Without cost controls, departments wouldn't meet their budgets and products would have to be overpriced to meet the budget overages.
A) To determine unit manufacturing costs and B) to provide managers with useful information for planning and cost control functions
Important objectives of cost accounting:The primary objectives of cost accounting is to determine the cost of each product, process, job, operation or service rendered.Cost accounting determines the profitability of each product, process, job, operation or service rendered.Cost accounting classifies cost into different elements such as materials, laborer and overhead. It is further divided as direct and indirect cost for cost control and recording.Cost accounting aims at controlling cost by setting standards and comparing those with the actual, the deviation or variation between the two is identified and necessary steps are taken to control them.
explain the primary objectives of cost management ?
cost allocation
No
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I don't cares
These are objectives that focus on market share and increasing the desire for a product. You can also do cost oriented objectives to control or drive costs.
Cost control and reduction is the way that business managers monitor, analyze and cut expenses. The objective is to lessen expenditures.
Cost objectives determines the cost allocation. It determines the product, service or department that will receive the allocation.
A) To determine unit manufacturing costs and B) to provide managers with useful information for planning and cost control functions
to control inflation
list 5 key control objectives in a cash payment system
answer
list 5 key control objectives in a cash payment system
objectives of pollution control?
Important objectives of cost accounting:The primary objectives of cost accounting is to determine the cost of each product, process, job, operation or service rendered.Cost accounting determines the profitability of each product, process, job, operation or service rendered.Cost accounting classifies cost into different elements such as materials, laborer and overhead. It is further divided as direct and indirect cost for cost control and recording.Cost accounting aims at controlling cost by setting standards and comparing those with the actual, the deviation or variation between the two is identified and necessary steps are taken to control them.