Cost Accounting - What is cost accounting with example?

Q: What is cost accounting with example?

Cost accounting is a facet of management accounting that determines the actual cost associated with manufacturing a product or providing a service by looking at all expenses within the supply chain. ... Examples include rent, depreciation, interest on loans and lease expenses.

Answer

As a subset of management accounting, cost accounting takes a comprehensive look at all costs incurred throughout the supply chain to arrive at the final price of a product or service. Lease costs, interest on loans, depreciation, and rent are some examples.

Cost Accounting - What is cost accounting with example?

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