Cost accounting and product costing are two accounting methods for determining the cash needed to create goods and services. A company's decision to use either accounting technique can have lasting ...

Please note: This item is from our archives and was published in 2013. It is provided for historical reference. The content may be out of date and links may no longer function. Ramji Balakrishnan, Eva ...

The Accounting Review, Vol. 63, No. 2 (Apr., 1988), pp. 195-218 (24 pages) The economic theory of the firm suggests that a profit-maximizing product price may be determined by equating marginal cost ...

Companies engaged in the process of manufacturing similar or identical units of a product in batches, using a consistent process, use a process costing system. When companies manufacture unique ...

A process costing system is a technique used within the manufacturing industry to determine the total production cost of a unit of merchandise. It is particularly used in environments where production ...

Dr. Taiichi Ohno’s position on cost accounting, as father of the Toyota Production System, is often cited during Lean discussions. He kept cost accountants out of his factory, and knowledge of cost ...

Proper costing of products and services helps in understanding what makes or loses money. A cost system provides product cost and operating data, to support decisions on pricing, investments, ...

HOUSTON, June 9 /PRNewswire/ -- With a strong track record among major North American based corporations, Acorn Systems' leading profit improvement and Activity Based Costing solutions are now ...

When should a company use activity-based costing? The traditional cost accounting method accounts for overhead, cost of goods sold, or a combination of both. Activity-based costing, however, reports a ...

Jonathan Ponciano is a financial journalist with nearly a decade of experience covering markets, technology, and entrepreneurship. Suzanne is a content marketer, writer, and fact-checker. She holds a ...