Business Terms Glossary
Accounting Cost
Definition of Accounting Cost
Accounting Cost is the aggregation of material, labor and overhead costs to allocate them to individual products.
There is a specialization in accounting dedicated to this analysis, and it is called, appropriately so, Cost Accounting. If you are starting or own a business that manufactures products, it's very important to have a dedicated effort in cost accounting.
Accounting Cost References On This Site
These Gaebler.com articles mention this glossary term:
- Where to Focus Your Capital: Operations Versus Sales & Marketing - In order to properly determine whether or not the operations capital expenditure is worth it, you need to make sure you have a good grasp on your cost accounting...
- Opportunity Cost - The accounting cost of going to Disney is $100 ($50+$25+$25...
- Where to Focus Your Capital: Operations Versus Sales & Marketing - In order to properly determine whether or not the operations capital expenditure is worth it, you need to make sure you have a good grasp on your cost accounting...
- Opportunity Cost - The accounting cost of going to Disney is $100 ($50+$25+$25...
Share this article
Additional Resources for Entrepreneurs