Classification of Cost
There are different measures of costs for different purposes. Therefore, costs are classified in a number of ways. An organization does not record costs by all possible classifications. However, in this modern age, computers have made it possible to record costs on multiple classification bases without much additional clerical work and expense. This has facilitated ready availability of cost data for all decision making situations. Following are the principal classifications:
- Product or manufacturing cost
Other Related Accounting Articles:
- Cost Classifications for Assigning Costs to Cost Objects (Direct and Indirect Cost)
- Further Classification of Labor Costs
- Uses of Quality Cost Information (Report)
- Cost Terms, Concepts, and Classifications
- Product Cost VS Period Cost
- Mixed Cost or Semi-variable Cost
- Cost Classifications on Financial Statements
- Distribution of Quality Costs/Quality Cost Report
- Cost Classification as Manufacturing and Non-manufacturing
- Cost Classification as Manufacturing and Non-manufacturing
Or
Download E accounting book in MS-word format for just 20 $ - Click here to Download
About The Author
admin
As a administrator i am trying to provide you the the content easy to understand and remember. I always use easy English and simple examples from real life for better understanding.