Meaning Definition Cost Accounting

As a verb to ascertain the cost of a specified thing or activity. Cost accounting definition is the systematic recording and analysis of the costs of material labor and overhead incident to production. A calculation used in activity based costing for determining the costs associated with activities based on particular time based processes.

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The process in which all the costs of a business activity or production process or activity are.

Meaning definition cost accounting. Ii costing costing is defined as the technique and process of ascertaining costs according to cima an organisation s costing system. Meaning and definition i cost as a noun the amount of expenditure actual or notional incurredon or attributable to a specified article product or activity.

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