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Cost Accounting South Carolina

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

HP Bryan
22 Pond View Drive
Pawleys Island, SC

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Cline Brandt Kochenower & Co, PA
(864) 541-0218
145 Rogers Commerce Blvd
Spartanburg, SC

Protogo Network LLC
(321) 749-9121
Serving Your Area
Westminster, SC

Accounting 4 Small Businesses
(678) 705-9306
Serving Your Area
Aiken, SC

Automatic Data Processing
(843) 303-7530
215 Brendan Way Suite 110
Greenville, SC

Justin Grau
424 Old Cherokee Road
Lexington, SC

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WebsterRogers LLP
(803) 312-0001
The Tower at 1301 Gervais - Suite 802
Columbia, SC

WSB Accounting
(916) 635-8825
Serving Your Area
Florence, SC

ABC Accounting & Consulting
(803) 561-0406
810 Dutch Square Blvd
Columbia, SC

Celtic Bookkeeping and Tax Service
(803) 282-9382
2598 Fish Hatchery Rd
West Columbia, SC

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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.

Read more about Cost Accounting

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Regional Articles

- Cost Accounting Aiken SC
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- Cost Accounting Beaufort SC
- Cost Accounting Bennettsville SC
- Cost Accounting Bluffton SC
- Cost Accounting Boiling Springs SC
- Cost Accounting Charleston SC
- Cost Accounting Clemson SC
- Cost Accounting Clover SC
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- Cost Accounting Conway SC
- Cost Accounting Darlington SC
- Cost Accounting Dillon SC
- Cost Accounting Easley SC
- Cost Accounting Florence SC
- Cost Accounting Fort Mill SC
- Cost Accounting Fountain Inn SC
- Cost Accounting Gaffney SC
- Cost Accounting Gaston SC
- Cost Accounting Georgetown SC
- Cost Accounting Goose Creek SC
- Cost Accounting Greenville SC
- Cost Accounting Greenwood SC
- Cost Accounting Greer SC
- Cost Accounting Hartsville SC
- Cost Accounting Hilton Head Island SC
- Cost Accounting Inman SC
- Cost Accounting Irmo SC
- Cost Accounting Ladson SC
- Cost Accounting Lancaster SC
- Cost Accounting Laurens SC
- Cost Accounting Lexington SC
- Cost Accounting Manning SC
- Cost Accounting Moncks Corner SC
- Cost Accounting Mount Pleasant SC
- Cost Accounting Murrells Inlet SC
- Cost Accounting Myrtle Beach SC
- Cost Accounting Newberry SC
- Cost Accounting North Augusta SC
- Cost Accounting North Charleston SC
- Cost Accounting Orangeburg SC
- Cost Accounting Pickens SC
- Cost Accounting Piedmont SC
- Cost Accounting Rock Hill SC
- Cost Accounting Seneca SC
- Cost Accounting Simpsonville SC
- Cost Accounting Spartanburg SC
- Cost Accounting Summerville SC
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- Cost Accounting Walterboro SC
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