Word History First Known Use 1894, in the meaning defined above Time Traveler The first known use of cost accounting was in 1894 See more words from the same year Dictionary Entries Near cost accounting cost accountant cost accounting Costa del Sol See More Nearby Entries Cite this ...
First Known Use Noun 14th century, in the meaning defined at sense 1a Verb 14th century, in the meaning defined at transitive sense 1 Time Traveler The first known use of cost was in the 14th century See more words from the same century Phrases Containing cost at...
COST meaning: 1 : the price of something the amount of money that is needed to pay for or buy something; 2 : an amount of money that must be spent regularly to pay for something (such as running a business or raising a family) usually plural
Incurred cost in accrual accounting refers to the expense of the company when an asset is consumed, which the company becomes liable for and may include direct, indirect, production, and operating expenses incurred for running the company's business operations. It also includes all the prior perio...
The character of the records compiled from this data determines the real value of the entire system of cost accounting. From Project Gutenberg Scientific research has never been amenable to rigorous cost accounting in advance. From Project Gutenberg Industry needs experts in scientific management, in ...
Learn what idle time means in cost accounting and why it occurs. Understand the definition of idle time and the steps that can be taken to reduce...
The accounting guideline requiring amounts in the accounts and on the financial statements to be the actual cost rather than the current value. Accountants can show an amount less than cost due toconservatism, but accountants are generally prohibited from showing amounts greater than cost. (Certai...
Cost accounting can help with internal costs, such as transfer prices for companies that transfer goods and services between divisions and subsidiaries. For example, a parent company overseas might be the supplier for its U.S. subsidiary, meaning the U.S. company would be charged by the parent...
Residual valuerefers to what an asset is worth after it has been fully depreciated for accounting purposes. The item may still be saleable to another buyer, in which case the seller will recoup some of the item's expected lifetime cost. A car, for example, may still have some resale or ...
Theformcostisusedinthepresenttense,andisalsothepasttenseandparticiple,exceptformeaning4,wheretheformcostedisused.cost的过去式和过去分词与原形相同,但义项4除外,其所用形式为costed。1.费用;花费;价钱Thecostofsomethingistheamountofmoneythatisneededinordertobuy,do,ormakeit.e.g.Thecostofaloafofbreadhas...