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List the Concepts of Cost accounting

List the Concepts of Cost accounting

Answers

Wilfred
1. Cost per unit- this may be unit of a product service all time in relation to which cost may be ascertained all expressed. There are the things that the business is set up to provide which cost to ascertained. E.g. kilowatt in case of power consumption meals in case of a hotel passages in case of transport.
2. Profit centre- this may be defined as subdivision within an organization operating on a self contained bases. Usually it will be a cost and an income earning subdivision hence producing profit measurable as a return on capital employed.
Wilfykil answered the question on August 5, 2019 at 08:21

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