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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

2. Cost Accounting - Info

3. Fixed Cost

4. Origins

1 . Local Companies

Brad Williams
2707 Artie St.
Huntsville, AL

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Lee Lawrence
8128 Old Federal Rd.
Montgomery, AL

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Gibbons Company L L C
(251) 343-9120
3601 Springhill Business Park
Mobile, AL

Estes Claude CPA
(205) 930-9789
2117 Magnolia Ave S
Birmingham, AL

Alabama Association of Accountants
(256) 880-7225
3322 Memorial Pkwy Sw
Huntsville, AL

Lawrence Wall
2153 Riverchase Office Rd
Birmingham, AL

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J. Charles "Chuck" Dunham
201 Office Park Drive
Birmingham, AL

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Covenant Tax & Inventory Services
(334) 297-9763
3104 S Railroad St Suite C
Phenix City, AL

Criswell Lori CPA
(205) 625-3472
1601 2nd Ave E
Oneonta, AL

Croft Mary S CPA
(256) 259-1120
611 E Laurel St
Scottsboro, AL

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2 . 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.

Read more about Cost Accounting

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Regional Articles

- Cost Accounting Alabaster AL
- Cost Accounting Albertville AL
- Cost Accounting Alexander City AL
- Cost Accounting Andalusia AL
- Cost Accounting Anniston AL
- Cost Accounting Arab AL
- Cost Accounting Athens AL
- Cost Accounting Atmore AL
- Cost Accounting Auburn AL
- Cost Accounting Bay Minette AL
- Cost Accounting Bessemer AL
- Cost Accounting Birmingham AL
- Cost Accounting Boaz AL
- Cost Accounting Brewton AL
- Cost Accounting Clanton AL
- Cost Accounting Cullman AL
- Cost Accounting Daphne AL
- Cost Accounting Decatur AL
- Cost Accounting Dothan AL
- Cost Accounting Enterprise AL
- Cost Accounting Eufaula AL
- Cost Accounting Fairhope AL
- Cost Accounting Florence AL
- Cost Accounting Foley AL
- Cost Accounting Fort Payne AL
- Cost Accounting Gadsden AL
- Cost Accounting Guntersville AL
- Cost Accounting Haleyville AL
- Cost Accounting Hartselle AL
- Cost Accounting Huntsville AL
- Cost Accounting Jasper AL
- Cost Accounting Madison AL
- Cost Accounting Mobile AL
- Cost Accounting Montevallo AL
- Cost Accounting Montgomery AL
- Cost Accounting Muscle Shoals AL
- Cost Accounting Northport AL
- Cost Accounting Opelika AL
- Cost Accounting Pelham AL
- Cost Accounting Pell City AL
- Cost Accounting Phenix City AL
- Cost Accounting Pinson AL
- Cost Accounting Prattville AL
- Cost Accounting Scottsboro AL
- Cost Accounting Selma AL
- Cost Accounting Semmes AL
- Cost Accounting Sylacauga AL
- Cost Accounting Talladega AL
- Cost Accounting Theodore AL
- Cost Accounting Trussville AL
- Cost Accounting Tuscaloosa AL
- Cost Accounting Tuscumbia AL
- Cost Accounting Valley AL
- Cost Accounting Wetumpka AL

- Sales Compensation Alabama

A prospective client called several days ago and asked: “What should I pay a great performer and what should I pay a salesperson who doesn’t meet expectations?” To answer these questions, read the following article.

- Accountant Warning Signs Alabama
- Find a Local Accountant to Maximize Profit Alabama
- Certified Public Accountant (CPA) Alabama
- Management Accounting Alabama
- Factoring Benefits Alabama
- Ways To Start New Network Marketing Business Alabama
- Working At A Small Certified Public Accountant Firm Alabama
- Professional Accountants Alabama
- Selecting Professional Accountants Alabama

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