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Cost Accounting Kentucky

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

Ernst & Young LLP
502-585-1400
400 West Market Street
Louisville, KY

Jordan Tax & Accounting
513-289-6550
5871 Southpointe Lane
Covington, KY

WideEyed.com
888-943-3393
P.O. Box 910655
Lexington, KY

Core Business Solution Software, Inc.
(502) 262-3696
3518 sample way
Louisville, KY

AdvanceMe, Inc
502-897-7262
407 Regency Court Suite 6
Louisville, KY

Robert S Linehan, CPA
(502) 235-3365
12121 Briargate Lane
Loiusville, KY

COCARD
877-446-1180
2379 Hawthorne Ave
Louisville, KY

Alexander Financial Group, LLC
502-657-6391
9900 Corporate Campus Drive
Louisville, KY

Republic Bank Merchant Services
502-968-7662
10199 Brookridge Village Blvd
Louisville, KY

Payrite Payroll & Accounting Services
(502) 592-4040
9505 Walnutwood Way
Louisville, KY

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

Certus Technology

502-561-8651
332 West Broadway
louisville, KY
www.certustechnology.com

With nearly a decade of experience, Certus Technology is an innovative web and software development company that has developed broad array of web design and web application solutions for companies in the Louisville area. We have the ability to deliver a complete solution and understand that the needs of the business should drive software and website development. Utilizing the latest technologies including, ASP, .NET, SQL Server, HTML, Flash and other development tools, Certus Technology is a Microsoft Certified Partner and Macromedia Affiliate company.

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Regional Articles

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- Cost Accounting Fort Thomas KY
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- Cost Accounting Ft Mitchell KY
- Cost Accounting Georgetown KY
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- Cost Accounting Grayson KY
- Cost Accounting Greenup KY
- Cost Accounting Greenville KY
- Cost Accounting Harrodsburg KY
- Cost Accounting Hazard KY
- Cost Accounting Henderson KY
- Cost Accounting Hopkinsville KY
- Cost Accounting Independence KY
- Cost Accounting Irvine KY
- Cost Accounting Jackson KY
- Cost Accounting La Grange KY
- Cost Accounting Lancaster KY
- Cost Accounting Latonia KY
- Cost Accounting Lawrenceburg KY
- Cost Accounting Lebanon KY
- Cost Accounting Leitchfield KY
- Cost Accounting Lexington KY
- Cost Accounting London KY
- Cost Accounting Louisa KY
- Cost Accounting Louisville KY
- Cost Accounting Madisonville KY
- Cost Accounting Manchester KY
- Cost Accounting Mayfield KY
- Cost Accounting Maysville KY
- Cost Accounting Middlesboro KY
- Cost Accounting Monticello KY
- Cost Accounting Morehead KY
- Cost Accounting Morgantown KY
- Cost Accounting Mount Sterling KY
- Cost Accounting Mount Washington KY
- Cost Accounting Murray KY
- Cost Accounting Newport KY
- Cost Accounting Nicholasville KY
- Cost Accounting Olive Hill KY
- Cost Accounting Owensboro KY
- Cost Accounting Paducah KY
- Cost Accounting Paris KY
- Cost Accounting Pikeville KY
- Cost Accounting Pineville KY
- Cost Accounting Prestonsburg KY
- Cost Accounting Princeton KY
- Cost Accounting Prospect KY
- Cost Accounting Radcliff KY
- Cost Accounting Richmond KY
- Cost Accounting Russell Springs KY
- Cost Accounting Russellville KY
- Cost Accounting Salyersville KY
- Cost Accounting Scottsville KY
- Cost Accounting Shelbyville KY
- Cost Accounting Shepherdsville KY
- Cost Accounting Somerset KY
- Cost Accounting Stanford KY
- Cost Accounting Union KY
- Cost Accounting Versailles KY
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Cost Accounting Kentucky

1. Local Companies

2. Cost Accounting - Info

3. Fixed Cost

4. Origins

5. Featured Local Company