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If you want your article to be published, it should the following:
- Relationship of the article with Cost Accounting
- Article source
The articles will be published only if they
meet the
prerequisites of quality and information.
GENERAL CLASSIFICATION OF COSTS
| CLASSIFICATION |
BASE TO IDENTIFY | |
| Relevant Cost |
Irrelevant
Cost |
Affected or
unaffected by
the decision |
| Opportunity
Cost |
Outlay Cost |
Nature of
sacrifice |
| Historical
Cost |
Future Cost |
Degree of
anticipation in
its determination |
| Variable Cost |
Fixed Cost |
Relationship
with the
volume of activity |
| Identifiable
Cost |
Common Cost |
Identification
with an
operation unit |
| Disbursement
Cost |
Virtual Cost |
Relationship
with an
immediate cash flow |
| Incremental
Cost |
Inmerged Cost |
Relationship
with an
increase in activity |
| Avoided Costs
(Discretionary) |
Commited
Cost
|
Grade of
control |
| Replacement
Cost |
Historical
Cost |
Moment of
valuation |
CLASSIFICATION OF COSTS ACCORDING TO PRODUCTION COSTS
According to the cost of production |
Raw
Material |
| Direct
Labor |
|
| Overhead |
CLASSIFICATION OF COSTS ACCORDING TO VOLUME OF ACTIVITY
| According to volume of activity |
Fixed |
| Variable |
DIFFERENT COSTS FOR DIFFERENT PURPOSES
| Pricing |
Price = Costs
of the
previous months / (1 - % Contribution Margin) Price = 2.65 / (1 - .4) =
4.16 |
| Valuation
of
inventories (Methods)
|
Last purchase
cost X
Inventory amount = 2.65 X 100 = 265 |
| Cost of sales |
Units sold X
Production
costs per unit = 500 X 2.53 = 1,265 |
| Cash
disbursement budget.
Purchases budget. |
Amount of
units to buy X
Future costs = Future cash disbursement = 200 X 2.75 = 550 |
| Performance
evaluation |
Expected cost
= 2.25 Real cost = 2.50 Actual cost = 2.50 Unfavorable variance = 0.25 |
