Explain the characteristics and purposes of cost accounting

Explain the characteristics and purposes of cost accounting...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Explain the characteristics and purposes of cost accounting. Cost accounting involves the procedures for measuring, recording, and reporting product costs. From the data accumulated, companies determine the total cost and the unit
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: cost of each product. The two basic types of cost accounting systems are job order cost and process cost....
View Full Document

Ask a homework question - tutors are online