Determining the cost or valuation of inventory held in a company is an important management task. Inventory often represents a large portion of total assets on the balance sheet and the method used to ...

Cost accounting and product costing are two accounting methods for determining the cash needed to create goods and services. A company's decision to use either accounting technique can have lasting ...

And wouldn’t you know it; the need for more operational data is at the heart of it. “A couple of people sent me letters from shippers during that [pre-ELD] time which said, ’We’re so grateful for all ...

Plastics processors are fortunate to have several options for managing and calculating costs. In part one of this series, we discussed the benefits of a production profit contribution model. This ...

Costing, the process by which an organization's costs are determined, is one of the most useful policy-making and management tools available to higher education leaders throughout the world. Yet ...

Health care is vital in improving quality and length of life. However, because resources are scarce, there is considerable interest in costing of health care services, including studies of specific ...