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Cost Accounting Oklahoma

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

James Oplotnik
3621 Northwest 63rd St
Oklahoma City, OK

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DP Financial & Tax, Inc
(918) 392-7879
8282 S Memorial Dr Suite 102
Tulsa, OK

Briscoe, Burke & Grigsby LLP
(918) 749-8337
4120 E 51st
Tulsa, OK

Administrative Business Services Inc.
(580) 765-2904
715 E Hartford Ave
Ponca City, OK

Bookkeeping Etc Inc
(580) 255-5829
1209 W Main St
Duncan, OK

Mark W. Heinrich Samuel F. Arndt III
1756 S. Utica Ave. Tulsa, OK 74104
Tulsa / Langley, OK

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Gordon & McCurley PC
(918) 492-8322
3727 E 31st
Tulsa, OK

Edwards Tax & Accounting
(918) 743-0151
4932 S Peoria Ave
Tulsa, OK

Bell, Martin J CPA Inc
(580) 286-5455
P O Box 898
Idabel, OK

Ellis Marla
(580) 832-5337
106 E 1st St
Cordell, OK

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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.

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Regional Articles

- Cost Accounting Ada OK
- Cost Accounting Altus OK
- Cost Accounting Ardmore OK
- Cost Accounting Bartlesville OK
- Cost Accounting Bethany OK
- Cost Accounting Bixby OK
- Cost Accounting Broken Arrow OK
- Cost Accounting Chickasha OK
- Cost Accounting Choctaw OK
- Cost Accounting Claremore OK
- Cost Accounting Duncan OK
- Cost Accounting Durant OK
- Cost Accounting Edmond OK
- Cost Accounting El Reno OK
- Cost Accounting Enid OK
- Cost Accounting Guthrie OK
- Cost Accounting Lawton OK
- Cost Accounting Mcalester OK
- Cost Accounting Muskogee OK
- Cost Accounting Mustang OK
- Cost Accounting Norman OK
- Cost Accounting Oklahoma City OK
- Cost Accounting Okmulgee OK
- Cost Accounting Owasso OK
- Cost Accounting Ponca City OK
- Cost Accounting Pryor OK
- Cost Accounting Sand Springs OK
- Cost Accounting Sapulpa OK
- Cost Accounting Shawnee OK
- Cost Accounting Stillwater OK
- Cost Accounting Tahlequah OK
- Cost Accounting Tulsa OK
- Cost Accounting Woodward OK
- Cost Accounting Yukon OK

- Choosing Right Accounting Software Oklahoma

I have been involved in writing accounting software and in training users on how to use both my own and other leading accounting software packages. And this article I will discuss why the company should choose the right accounting software and how to choose it.

- Accounting Help Your Organizational Growth Oklahoma
- Forensic Accounting Oklahoma
- How To Choose The Right Accountant Oklahoma
- Management Accounting Oklahoma
- How To Find Accounting Jobs Oklahoma
- Small Business Accounting Tips Oklahoma
- Basics of Accounting Oklahoma

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