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 cost accounting assignments on time. Hiring online assignment writing helpers is the best option that students have.
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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 is derived from the field of accounting and presents the detailed cost information. Cost accounting is different from financial accounting in some way. Cost accounting analyzes the fixed and variable cost factors.
This academic discipline is very vast and it involves a number of topics that students need to accomplish. They need to have all the theoretical and practical knowledge in this academic discipline. But sadly they fail to compose a perfect assignment in this subject. Hence, the online homework helpers of Students Assignment Help are accessible online every-time to assist you in writing an interesting assignment in this subject.
As said by our assignment writers for cost curve assignments, 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 experienced accounting theory 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.
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