COST ACCOUNTING

Cost Behavior

Variable Cost

Non Variable Cost

Semivariable Cost

Chucky Cost

Cost Type

Direct Cost (Traced)

Indirect Cost (Allocated)

Cost Pools/Centers

Cost Drivers

Product Allocation

Product/Service Costs

Outputs

Inventory Cost

Profitability Analysis

Product Mix

Pricing

Performance Measurement

Variance Analysis

Managerial Decisions

Budgeting

Strategy

Forecasting

Process Improvement

Which Costs Are Included?

Only Direct

Direct Costing

Direct + Indirect

Full Costing

Ways to Consider Costs

Standard

Advantages

Record keeping Efficiency

Cost Inefficiency

Evaluation

Historical