Cost of Construction
Some business companies are related with construction activities such as hotel, school, road, bridge, condo, flat, building construction etc. In
Continue reading Cost of Fixed Asset
Cost of Fixed asset may occur via two ways : buying and self construction. 1.Buying Fixed Asset Cost of fixed
Continue reading Cost of Service ( COS)
Cost of service can be applied to an individual customer or as an average cost of service for a group
Continue reading Cost of Inventory- Products / Finished Goods
Cost of Inventory-Products for manufacturing company Cost of Inventory for manufacturing company The examples of manufacturing company are as follows.
Continue reading Cost Classification by function-Example
Cost Classification by function-Example Manufacturing Company has the following costs: – Cost of direct materials………….. ……$200,000 – Direct labor…………………………………$500,000 –
Continue reading Cost of Inventory-Merchandise/Goods
Cost of Inventory- Merchandise/Goods Cost of Inventory for merchandising company The examples of merchandising company are as follows. Company purchases
Continue reading Methods of Calculating the Cost of Inventory
Methods of Calculating the Cost of Inventory We will explain three main methods of calculating cost of inventory: specific cost,
Continue reading Target Costing
Target Costing Target Costing – Involves setting a target cost by identifying target selling price and then deducting the required
Continue reading How to record inventory cost for manufacturing company
How to record full inventory cost for manufacturing company There are three types of inventory for manufacturing company: raw material,
Continue reading Absorption Costing (AC) and Activity- Based Costing (ABC) for Inventory Freight | Transportation
Absorption Costing (AC) and Activity- Based Costing (ABC) for Inventory Freight | Transportation Absorption costing is traditional costing method while
Continue reading