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COST ACCOUNTING - Coggle Diagram
COST ACCOUNTING
Cost control
Monitoring expenses
Reducing waste
Cost classification
Fixed and variable costs
Direct and indirect costs
Product vs Period costs
Relevant vs Irrelevant costs
Mixed (semi-variable) costs
Budgeting
Cost planning
Financial control
Performance Evaluation
Measure efficiency
Improve productivity
Variance analysis
Responsibility accounting
ROI
Decision making
Improves profitability
Supoports planning
Cost-Volume-Profit (CVP) Analysis
Break-even point
Contribution margin
Margin of safety
Costing Methods
Job Order Costing
Process Costing
Activity-Based Costing (ABC)
Standard Costing