Types of Relevant Costs Types of Non-Relevant Costs; Future Cash Flows Cash expense that will be incurred in the future as a result of a decision is a relevant cost.: Sunk Cost Sunk cost is expenditure which has already been incurred in the past.
CAM-I is an international consortium of manufacturing and service companies, government organizations, consultancies, and academic and professional bodies who have elected to work cooperatively in a pre-competitive environment to solve management problems and critical business issues that are common to the group.
Cost accounting is the process of allocating expenses. One important aspect of cost accounting is allocating manufacturing overhead. Manufacturing overhead refers to all of the costs associated with manufacturing a product other than direct labor and direct materials.
Cost accounting, often referred to as managerial or management accounting, is the branch of accounting that provides economic and financial information to decision makers within a company. The idea of providing information for use within the company (to aid management to plan, direct, and control ...