enow.com Web Search

Search results

  1. Results from the WOW.Com Content Network
  2. Total absorption costing - Wikipedia

    en.wikipedia.org/wiki/Total_absorption_costing

    Absorption costing is permissible under GAAP. Traditional TAC was developed in the age of manufacturing and mostly used to arrive at the full manufacturing cost of producing goods; an alternative method of arriving at full cost known as activity-based costing (ABC) is often thought to be more appropriate for services. Absorption costing is a ...

  3. Fixed cost - Wikipedia

    en.wikipedia.org/wiki/Fixed_cost

    Under full (absorption) costing fixed costs will be included in both the cost of goods sold and in the operating expenses. The implicit assumption required to make the equivalence between the accounting and economics terminology is that the accounting period is equal to the period in which fixed costs do not vary in relation to production.

  4. Absorption - Wikipedia

    en.wikipedia.org/wiki/Absorption

    Absorption (economics), the total demand of an economy for goods and services both from within and without Absorption (logic), one of the rules of inference Absorption costing, or total absorption costing, a method for appraising or valuing a firm's total inventory by including all the manufacturing costs incurred to produce those goods

  5. Cost accounting - Wikipedia

    en.wikipedia.org/wiki/Cost_accounting

    Standard Costing is a technique of Cost Accounting to compare the actual costs with standard costs (that are pre-defined) with the help of Variance Analysis. It is used to understand the variations of product costs in manufacturing. [6] Standard costing allocates fixed costs incurred in an accounting period to the goods produced during that period.

  6. Category:Costs - Wikipedia

    en.wikipedia.org/wiki/Category:Costs

    Main page; Contents; Current events; Random article; About Wikipedia; Contact us; Pages for logged out editors learn more

  7. IAS 2 - Wikipedia

    en.wikipedia.org/wiki/IAS_2

    IAS 2 allows for two methods of costing, the standard technique and the retail technique. The standard technique requires that inventory be valued at the standard cost of each unit; that is, the usual cost per unit at the normal level of output and efficiency.

  8. Variable costing - Wikipedia

    en.wikipedia.org/wiki/Variable_Costing

    Variable costing is generally not used for external reporting purposes. Under the Tax Reform Act of 1986, income statements must use absorption costing to comply with GAAP. Variable costing is a costing method that includes only variable manufacturing costs—direct materials, direct labor, and variable manufacturing overhead—in unit product ...

  9. Activity-based costing - Wikipedia

    en.wikipedia.org/wiki/Activity-based_costing

    Activity-based costing was later explained in 1999 by Peter F. Drucker in the book Management Challenges of the 21st Century. [11] He states that traditional cost accounting focuses on what it costs to do something , for example, to cut a screw thread; activity-based costing also records the cost of not doing , such as the cost of waiting for a ...