Product costing is a methodology associated with managerial accounting, i.e., accounting intended to serve management in an operational context rather than to measure corporate performance as such, ...

Cost accounting and product costing are two accounting methods for determining the cash needed to create goods and services. A company's decision to use either accounting technique can have lasting ...

Target costing is a reverse process where companies compare the potential intended benefits of a product or solution with the optimal market price. Once an idea price point is established, you set an ...

Job Costing is an important tool in evaluating your business performance. Without job costing, it’s difficult to understand where you’re making your money. You could be making a significant profit on ...

Food costing is an exact science and must be done precisely in order to determine the right menu prices for your restaurant The Philippine restaurant industry saw positive light last year with ...

The aerospace industry today is a buyer driven market, where reducing product cost and delivery cycle time are critical for aerospace OEMs and their key suppliers to remain competitive. However, these ...

Well, here it is budget season for many. And for too many, it’s a frustrating game with little value added. Meanwhile, I’m hearing a lot of buzz about the ITIL concept of service-based costing. Have ...

Analyzing costs can help companies make strategic, financially sound decisions. Activity-based costing and absorption costing are two popular accounting methods that companies employ when evaluating ...

Health care is vital in improving quality and length of life. However, because resources are scarce, there is considerable interest in costing of health care services, including studies of specific ...