Cost accounting is an extensive subject which studies the recording and documenting of financial information for any business. This subject involves a lot of mental and arithmetic calculations which makes it a brainstorming subject for the students. Hence, the majority of the students search for Online Homework Help services that can help them in completing their assignments on time.
To assist students StudentsAssignmentHelp.com have a vast team of experienced and professional writers, who are committed and focused on guiding students with the best Cost Accounting Assignment Help Services. Our online masters on every subject provide you the best assignment solutions. The idea of cost is one of the most difficult concepts of finance and accounting course. Hence the expert of StudentsAssignmentHelp.com has introduced proficient, Cost Accounting Homework Help.
In accounting, the cost is the monetary value of the total amount of expenditure for services, labor, supply, products, equipment and other items purchased for use by a business. Cost accounting help is the process of collecting, analyzing, summarizing and evaluating various alternative courses of actions. Cost accounting is derived from the field of accounting and provides the detailed cost information; that requires management control current operations and plan for the future. Cost accounting is different from financial accounting in some way. Cost accounting analyzes the fixed and variable cost factors.
As said by our cost accounting writers, the most important exercise of costing is to fix what is called COGS i.e. cost of goods sold. We must understand the three basic elements to determine the cost of goods sold. Our expert and experienced cost accounting writing experts have put down the elements accordingly:
1. Direct material cost- The sum total of the costs of the raw material which was directly involved in manufacturing a product is known as direct material.
2. Direct labor cost- Direct labor cost is the total cost of the work done by the workers, who actually make the product.
3. Manufacturing overhead costs- The cost that is related to the cost object, but cannot be directly traced back to the object cost in an economically feasible way is known as manufacturing overhead costs. In order to make a profit, it must be added to the final cost.
1. Standard accounting
2. Lean accounting
3. Activity based accounting
4. Target costing
5. Resource consumption accounting
6. Life cycle assessment
7. Environmental accounting
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