COST ACCOUNTING
(noun)Definitions
There is 1 meaning of the phrase
Cost Accounting.
Cost Accounting - as a noun
Keeping account of the costs of items in production
Hypernyms (Closely Related)
accountancy20accounting15Hyponyms (Broadly Related)
Example Sentences
"Companies use cost accounting to calculate the costs of their products or services."
"Effective cost accounting allows for better decision-making regarding pricing strategies."
"Many businesses employ cost accounting methods to control and reduce costs."
"The implementation of cost accounting can lead to more accurate financial reporting."
"Managers rely on cost accounting to allocate resources efficiently."
