Cost Accounting

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Title: Cost Accounting

Essay Details:

Subject: Business

Author: Sandra B

Date: December 20, 2016

Level: University

Grade: A

Length: 37 / 11067

Essay text:

Cost techniques have a precedence over the other techniques since accounting treatment of cost is often both complex and financially significant. For example, if a firm proposes to increase its output by 10%, is it reasonable to expect total cost to increase by less than 10%, exactly 10% or more than 10%? Such questions are concerned with the cost behavior, i.e. the way costs change with the levels of activity. The answers to these questions are very much pertinent for a management accountant or a financial analyst since they are basic for a firm’s projections and profits which ultimately become the basis of all financial decisions...

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