Cost Accounting Alabama

Cost accounting is the accounting process of recording, tracking and analyzing the costs associated with an organization in Alabama. There are three basic approaches to cost accounting explains this site will explain all three in detail.


1. Local Companies

Revsourceinc.com
1-800-289-9690
2424 Sagewood Dr.
Montgomey, AL
ARServicing
(866) 864-1945
1116 20th Street South
Birmingham, AL
ACTEK
205-403-0506
2120 Data Drive
Birmingham, AL
Huner & Cyr, P.C.
205-871-8980
2700 Rogers Drive, Suite 101
Birmingham, AL
Dipiazza, LaRocca, McDowell & Co. P.C.
205-871-9973
600 Luckie Drive
Birmingham, AL
MK CPA Group, P.C.
205-987-4705
300 Shadow Wood Park, Suite 200
Birmingham, AL
Rita Byers CPA PC
251-621-8757
P.O. 7182
Spanish Fort, AL
Consilium Forensic Accounting LLC
205.870.8652
1710 AmSouth Harbert Plaza
Birmingham, AL
Vericomm Credit Card Systems
334-227-7782
18016 Hwy. 21, South
Minter, AL
e-USPSMailRoom
205-408-9046
2410 Valleydale Rd
Birmingham, AL


2. Cost Accounting - Info

Cost Accounting - Info An accountant who keeps records of the costs of production and distribution.

or

Cost accounting is the process of tracking, recording and analyzing costs associated with the activity of an organization, where cost is defined as 'required time or resources'. Costs are measured in units of currency by convention.

There are now at least three approaches: standard costing, activity-based costing (discussed here), and throughput accounting.

3. Fixed Cost

A cost that remains constant, regardless of any change in a company's activity.

A good example is a lease payment. If you are leasing a building at $2,000 per month, then you will pay that amount each month, no matter how well or how poorly the business is doing.

4. Origins

Costs were originally considered fixed (the term comes from a Latin root meaning "constant"). In larger organizations, some costs tend to remain the same even during busy periods, while others rise and fall with volume of work. A more convenient way of categorizing these costs is to define them as either fixed or variable. Fixed costs were associated with the business administration, and did not change during quiet or busy times. Variable costs were associated with productive work, and naturally rose and fell with business activity.

In the early twentieth century, as organizations began getting more complex, managers needed a simple way to make decisions about products and pricing. Since most costs at the time were variable, managers could simply total the variable costs for a product and use this as a rough guide for decision-making.

For example: In order to make a railway coach a company needed to buy $60 in raw materials and components, and pay 6 laborers $40 each: total variable costs of $300. If managers knew that making a coach required spending $300, then they couldn't sell below that level without losing money. Any price above $300 became a contribution to the fixed costs of the company (say $1000 per month for rent, insurance and owner's salary). So the company could sell 5 coaches for $3000 or 10 coaches for $4500 and make a profit of $1500 in both cases.

5. Featured Local Company

MK CPA Group, P.C.

205-987-4705
300 Shadow Wood Park, Suite 200
Birmingham, AL
www.mkcpagroup.com

Regional Articles
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- Cost Accounting Fairfield AL
- Cost Accounting Fairhope AL
- Cost Accounting Fayette AL
- Cost Accounting Florence AL
- Cost Accounting Foley AL
- Cost Accounting Fort Payne AL
- Cost Accounting Gadsden AL
- Cost Accounting Gardendale AL
- Cost Accounting Grand Bay AL
- Cost Accounting Greenville AL
- Cost Accounting Guntersville AL
- Cost Accounting Haleyville AL
- Cost Accounting Hamilton AL
- Cost Accounting Hanceville AL
- Cost Accounting Hartselle AL
- Cost Accounting Harvest AL
- Cost Accounting Hazel Green AL
- Cost Accounting Helena AL
- Cost Accounting Huntsville AL
- Cost Accounting Irvington AL
- Cost Accounting Jacksonville AL
- Cost Accounting Jasper AL
- Cost Accounting Killen AL
- Cost Accounting Lanett AL
- Cost Accounting Leeds AL
- Cost Accounting Madison AL
- Cost Accounting Mc Calla AL
- Cost Accounting Millbrook AL
- Cost Accounting Mobile AL
- Cost Accounting Monroeville AL
- Cost Accounting Montevallo AL
- Cost Accounting Montgomery AL
- Cost Accounting Moulton AL
- Cost Accounting Muscle Shoals AL
- Cost Accounting Northport AL
- Cost Accounting Oneonta AL
- Cost Accounting Opelika AL
- Cost Accounting Oxford AL
- Cost Accounting Ozark AL
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- Cost Accounting Pell City AL
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- Cost Accounting Pleasant Grove AL
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- Cost Accounting Robertsdale AL
- Cost Accounting Russellville AL
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- Cost Accounting Scottsboro AL
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- Cost Accounting Semmes AL
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- Cost Accounting Sylacauga AL
- Cost Accounting Talladega AL
- Cost Accounting Tallassee AL
- Cost Accounting Theodore AL
- Cost Accounting Troy AL
- Cost Accounting Trussville AL
- Cost Accounting Tuscaloosa AL
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