Costing

  • 5 Posts
  • 1 Sections
  • 1 Types
August 18, 2024 6 min read Dictionary
Absorption Costing
Accounting Managerial Accounting Costing Inventory Managerial Absorption Full Costing
Absorption costing, or full costing, includes all manufacturing costs to yield more complete profit assessments and is partly why accountants have such great laughs at parties.
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August 18, 2024 6 min read Dictionary
Activity-Based Costing (ABC)
Accounting Management Costing Overhead Management Budgeting Finance
Activity-Based Costing (ABC) is a method of assigning overhead and indirect costs to products and services based on the activities that drive those costs.
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August 18, 2024 6 min read Dictionary
Average Cost Method
Finance Accounting Inventory Valuation Costing Principles GAAP
A humorous take on inventory valuation that makes accounting feel a bit lighter!
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August 18, 2024 6 min read Dictionary
Full Costing
Accounting Finance Costing Full Costing Absorption Costing Financial Statements Manufacturing
An in-depth look at Full Costing: The all-in-one price tag for production costs!
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August 18, 2024 5 min read Dictionary
Yield Variance
Finance Accounting Variance Production Accounting Terms Manufacturing Costing
Yield Variance is the difference between actual output and standard output valued at standard cost.
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