Cost Definition

THE COSTS	COST DEFINITION

*LINKS* Financial Information Accounting Systems Introduction to Cost Accounting Cost definition Use of Costs Classification of Costs Inventory Valuation Costs Behavior Cost Accounting Systems Standard Costs and Variances Cost-Volume-Profit Analysis Break-Even Point Target Profit Budgeting Master Budget Activity Based Costing (ABC) Transfer Prices Accounting Profession & Ethics Accounting Equation Financial Statements Financial Statement Reporting Accounts, Debits & Credits The Journal The General Ledger The Trial Balance "T" Accounts Income Measurement Home Bibliography Contact	The cost is the spending money that represents the manufacture of a product or providing a service. In other words, the cost is the economic effort (the payment of salaries, the purchase of materials, the manufacture of a product, securing funds for financing the management of the company, etc..) that must be done to achieve an operational objective. Failure to reach the desired goal, it is said that a company has had losses.