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Cost Accounting Kansas

Cost accounting is the accounting process of recording, tracking and analyzing the costs associated with an organization in Kansas. 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

5. Featured Local Company

1. Local Companies

w/Ease Small Business Software
316-733-2580
2250 N. Rock Road
Wichita, KS

Accounted 4
913-254-7300
307 N. Lindenwood, Suite B
Olathe, KS

Direct Capital Connection
620-326-1341
295 E. 15th Street South
Wellington, KS

RealeInvest
316-806-2734
757 S. Pershing St.
Wichita, KS

w/Ease Small Business Software
316-733-2580
2250 N. Rock Rd.
Wichita, KS

CFO Solutions, LLC
866-819-4858
Box 876
Wichita, KS

DSR Accounting
316-524-5293
547 East Grand
Haysville, KS

ACCeSS Accounting and e-Solutions & Services
913 498-0725
11164 Antioch #149
Overland Park, KS

w/Ease Small Business Software
316-733-2580
2250 N. Rock Road
Wichita, KS

Mansfield Bookkeeping & Accounting
(913) 721-5232
3237 N 110th St
Kansas City, KS

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.

5. Featured Local Company

Avalon Tax & Accounting

913-451-6315
10870 Benson, #2170
Overland Park, KS
www.avalontax.com

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Related Local Event

Expoventure 2008 - "Business Face to Face"
Dates: 9/23/2008 - 9/23/2008
Location: Century II Convention Hall
Wichita KS
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Cost Accounting Kansas

1. Local Companies

2. Cost Accounting - Info

3. Fixed Cost

4. Origins

5. Featured Local Company