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Cost Accounting Massachusetts

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

Vaco Resources
617-964-3876
275 Grove Street
Newton, MA
ScanSoft, Inc.
978-977-2000
9 Centennial Drive
Peabody, MA
SULLIVAN AND GANNON, LLC
978-244-2470
6 cushing place
chelmsford, MA
eCratchit Web-Accessible Bookkeeping Service
888-856-9999
625 Grove Street
Braintree, MA
Centive Incentive Systems
781.852.3500
One Burlington Woods Drive
Burlington, MA
James T. Crane, C.P.A.
617-576-5788
124 Mount Auburn Street
Cambridge, MA
Perron & Low
781-646-2500
283 Ridge Street
Arlington, MA
TalentBurst, Inc
508-652-0089
One Apple Hill Drive
Natick, MA
Creative Eye
617-596-6924
24 Peacevale Rd
Boston, MA
Caz Staffing
617-202-9267
16 Clarendon Street
bOSTON, MA


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

Sullivan Bille Group

978-970-2900
600 Clark Road
Tewksbury, MA
http://www.sullivanbillegroup.com

Read more about Cost Accounting

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- Cost Accounting Medford MA
- Cost Accounting Medway MA
- Cost Accounting Melrose MA
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- Cost Accounting Natick MA
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- Cost Accounting New Bedford MA
- Cost Accounting Newburyport MA
- Cost Accounting Newton Center MA
- Cost Accounting Newton MA
- Cost Accounting Norfolk MA
- Cost Accounting North Adams MA
- Cost Accounting North Andover MA
- Cost Accounting North Attleboro MA
- Cost Accounting North Dartmouth MA
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- Cost Accounting North Reading MA
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- Cost Accounting Westfield MA
- Cost Accounting Westford MA
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Related Local Event
Commodities Portfolio Management 2008
Dates: 9/15/2008 - 9/17/2008
Location: Renaissance Boston Waterfront Hotel
Boston MA
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