Knowing where your company spends money gives you better control over its future. Cost center accounting identifies how areas of the company that don't generate profit but are needed to support those ...

Discover the difference between fixed and sunk costs. Learn why all sunk costs are fixed but not all fixed costs are sunk, ...

The concepts of allowability, allocability, and reasonableness of costs address directly the legitimacy of a cost charged against a specific sponsored research award. Determination of allowability, ...

This is a preview. Log in through your library . Abstract The conceptual and theoretical development of cost accounting has been at a standstill for several decades, despite its poor state and drastic ...

This is a preview. Log in through your library . Journal Information The Review of Economics and Statistics is an 84-year old general journal of applied (especially quantitative) economics. Edited at ...