Sunday, November 9, 2014

what’s the Objectives of Cost Accounting

The objective of cost accounting is to minimize per unit production cost and to minimize the overall organizational costing system. The aims and objectives of cost accounting as follows:
* Cost Determination of Production
* Cost Control of Production
* Determining of Selling Price
* Profit Determination
* Budgeting and Planning
* Help to Management in Decision Making
* Collection of Cost Data and Analysis
* Project Evaluation
* Over all Costing Consideration
* Evaluation of Production Maintain Cost Valuation
these are some basic objectives of cost accounting :)