...standards, defines cost accounting as that method of accounting which brings together all appropriate elements of cost incurred to accomplish a purpose,...operation, or to complete a unit of work or a specific job. The principles then indicate the necessity for -and appropriate use of cost accounting under several...

...has been used in this study to include such terms as operations, processes, routines, services, etc. Cost accounting: That method of accounting which provides...activity or operation, or to complete a unit of work or specific job. Function: A group of services aimed at accomplishing a certain purpose or end, eg, making...

...accounting which provides for searching out and recording all the elements of cost incurred to attain a purpose, to carry on an activity, or operation, or to complete a unit of work or a specific job." The result of cost accounting is, of course, the unit cost. Unit cost is defined as "the cost of a...

...standards, defines cost accounting as that method of accounting which brings together all appropriate elements of cost incurred to accomplish a purpose,...operation, or to complete a unit of work or a specific job. The principles then indicate the necessity for and appropriate use of cost accounting under several...

...materials or in the cost of those services in the rendering of which th* materials were used.* Co»t /Accounting — That method of accounting which provides...or to complete a unit of work or a specific job.* Co*t Ledger — A subsidiary record wherein each project, job, production center, process, operation,...

...has been used in this study to include such terms as operations, processes, routines, services, etc. Cost accounting: That method of accounting which provides...activity or operation, or to complete a unit of work or specific job. Function: A group of services aimed at accomplishing a certain purpose or end, eg, making...

...prefix. Continental United States See: Accrual A method of accounting which provides for the accumulation and recording of all the elements of cost incurred...operation, or to complete a unit of work or a specific job. Budgeting in terms of costs to be incurred, that is, the resources to be consumed in carrying out a...

...the materials were used. (2) Expense. Cost Accounting— That method of accounting which provides for assembling and recording of all the elements of cost...operation, product, or service is given a separate account to which all items entering into its cost are posted in the required detail. Such accounts should be...

...detailed account postings and summarizes the expenditures in relation to the budget estimates. (IIR) Cost Accounting. That method of accounting which provides...operation, or to complete a unit of work or a specific job. (IIR) Cost Benefit Analysis. The process of analysis which provides the means for comparing the resources...