- elements of cost
- In a production process, the three primary cost elements of material, labour, and expenses.See: cost classification
Accounting dictionary. 2014.
Accounting dictionary. 2014.
cost-accountant — costˈ accountant noun A person who analyses and classifies elements of cost, eg material, labour, etc, or who devises systems of doing this • • • Main Entry: ↑cost … Useful english dictionary
Cost accounting — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts … Wikipedia
Cost–benefit analysis — (CBA), sometimes called benefit–cost analysis (BCA), is a systematic process for calculating and comparing benefits and costs of a project for two purposes: (1) to determine if it is a sound investment (justification/feasibility), (2) to see how… … Wikipedia
Cost-benefit analysis — is a term that refers both to:* a formal discipline used to help appraise, or assess, the case for a project or proposal, which itself is a process known as project appraisal; and * an informal approach to making decisions of any kind. Under both … Wikipedia
Cost of poor quality — (COPQ) or poor quality costs (PQC), are defined as costs that would disappear if systems, processes, and products were perfect. COPQ was popularized by IBM quality expert H. James Harrington in his 1987 book Poor Quality Costs.[1] COPQ is a… … Wikipedia
Cost efficiency — (or cost optimality), in the context of parallel computer algorithms, refers to a measure of how effectively parallel computing can be used to solve a particular problem. A parallel algorithm is considered cost efficient if its asymptotic running … Wikipedia
Cost segregation study — Part of a series on Taxation Taxation in the United States … Wikipedia
Cost approach — In real estate appraisal, the cost approach is one of three basic valuation methods.[1] The others are market, or sale comparison, and income. The fundamental premise of the cost approach is that a potential user of real estate won t, or shouldn… … Wikipedia
cost sheet — noun : a sheet on which detailed cost elements relating to a specific production order or process are assembled called also cost card * * * a summary of costs involved in the production of a product. Also called cost card. * * * cost sheet, a… … Useful english dictionary
cost behaviour — The changes that occur to total costs as a result of changes in activity levels within an organization. The total of the fixed costs tends to remain unaltered by changes in activity levels in the short term, whereas the total of the variable… … Accounting dictionary