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COSTS - Coggle Diagram
COSTS
ACCOUNTING CYCLE
The materials that are actually part of the finished product are known as raw materials or main materials.
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BALANCE SHEET CONTENT
The balance sheet that includes with due separation the assets and rights that constitute the assets of the company and the obligations and own funds that form the liabilities of the same.
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ABSORBENT COSTS
In the direct or variable costing method, variable manufacturing costs are allocated to the manufactured products.
DIRECT OR VARIABLE COSTS
Since the advent of industrialization and its varied investments in equipment and other areas, only two major costs were known.
NATURE OF COSTING
The company makes an expense when it obtains a real consideration from abroad, that is, when it receives any of these goods or services.