Cost accounting is the accounting process of recording, tracking and analyzing the costs associated with an organization in Georgia. There are three basic approaches to cost accounting explains this site will explain all three in detail.
Fountain D Clyde /Cpa
(706) 322-5482
2100 Brookstone Centre Pkwy
Columbus, GA
Accounting & Bookkeeping Solutions, Inc
(757) 406-2915
Serving Your Area
Union City, GA
Accountemps
(404) 846-9010
3424 Peachtree Rd Ne Ste 2000
Atlanta, GA
Ajilon
(770) 393-4522
5909 Peachtree Dunwoody Rd Ne
Atlanta, GA
Avolon Accounting & Business Service
(678) 462-1197
3677 Jeneen Ter
Douglasville, GA
Noah Reichert2450 Atlanta Hwy Cumming, GA Noah Reichert 2450 Atlanta Hwy
Cumming, GA
Company Company: North Georgia Investment Planning LLC Education Georgia State University/BS PUblic and Urban Affairs Georgia State University/MBA in Finance Years Experience Years Experience: 5 Service Real Estate Investment Planning,Annuity Ideas & Strategy Planning,Planning For Personal Finances & Budgeting,Estate Tax Planning,Asset Protection Strategies & Planning,Fee-Only Comprehensive Financial Planning,401k Rollover From Employer,Wealth Management,Disability Insurance,Annuities,Alternative Asset Class Planning,Investment Consulting & Allocation Design,Insurance & Risk Management Planning,Retirement Income Accumulation Planning,Individual Income Tax Planning,Pension for Highly Compensated
Carroll & Associates
(706) 295-3400
111 Bridgepoint Plz
Rome, GA
Fort Benning Post Exchange Activities
(706) 682-0826
2396 Goltra St
Fort Benning, GA
Beacon Communities Inc
(678) 947-4423
5035 Wallace Dr
Cumming, GA
Drew Accounting & Income Tax Service
(770) 941-2096
6280 Factory Shoals Rd Sw
Mableton, GA
Data Provided by: 
|
An accountant who keeps records of the costs of production and distribution.
orCost 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.
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.
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.