Cerrar
Costing system
Management accounting
Financial accounting
Budget
Cost classification by element
Cost classification by nature
Direct costs
Prime cost
Indirect costs
Cost of production
Cost centre
Profit centres
Investment centre
Coding system
Numeric code
Alphabetic code
Alpha-numeric code
Absorption
Absorption base
Overhead absorption rate
Units of output method
Direct labour hours method
Machine hours method
Cost behaviour
Fixed costs
Variable costs
Semi-variable costs
High-low method
Raw materials
Work-in-progress
Finished goods
First in First Out (FIFO)
Last in First Out (LIFO)
Average cost (AVCO)
Manufacturing account
Direct materials
Direct cost
Manufacturing cost
Cost of goods manufactured
Cost of goods sold
Time rate
Basic rate
Overtime rate
Piecework
Bonus system
Budget
Variances
Adverse variances
Favourable variances
Significant variance
