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COST ACCOUNTING
INTRODUCTION
cost accounting:
1.
2.
3.
4.
resale.
Trading VS Manufacturing
Pricing
CLASSIFICATION OF COSTS
(Manufacturing)
I. Product Cost
A. Materials
a. Direct Materials
b. Indirect Materials
B. Labor
a. Direct Labor
b. Indirect Labor
C. Manufacturing Overhead
II. Period Cost
o Marketing and Selling Costs
o Distribution Cost
o Administrative Cost
CLASSIFICATION OF COSTS
(Manufacturing)
Product costs are those costs assigned to an inventory account
CLASSIFICATION OF
Manufacturing COSTS
There are three categories of manufacturing costs:
CLASSIFICATION OF
Manufacturing COSTS
Direct labor is the cost of the workers who make the
CLASSIFICATION OF COSTS
DIRECT COST cost that can be directly,
CLASSIFICATION OF COSTS
CLASSIFICATION OF COSTS
CLASSIFICATION OF COSTS
CLASSIFICATION OF COSTS
CLASSIFICATION OF COSTS
CLASSIFICATION OF COSTS
CLASSIFICATION OF COSTS
Out of Pocket Cost cost which requires