Cost accounting is about reporting all of the fixed and variable costs involved in producing something. It corrals in numbers like overhead costs, materials, and labor. And others.
It gives your small business a solid framework to plan with. And it shows your enterprise what’s working and profitable and what needs to be tweaked.
What Exactly is Cost Accounting?
Cost accounting involves several different metrics. It’s about cost control to increase profits. By looking at numbers like marginal cost versus standard costs to name a few.
