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 ...

Generally accepted accounting principles require that businesses assign all costs of production to the products they make. This cost assignment process occurs through the use of a traditional costing ...

The Accounting Review, Vol. 63, No. 2 (Apr., 1988), pp. 195-218 (24 pages) The economic theory of the firm suggests that a profit-maximizing product price may be determined by equating marginal cost ...

How do municipal governments account for the "hidden costs" of public services? Charles Coe and Elizabethann O'Sullivan surveyed the chief financial officers of American cities for the answer, and ...

More than 20 million Americans quit their jobs in the latter half of 2021, leaving many companies struggling to find talent to refill their ranks. With 11.3 million job openings, which is about 5 ...

Federal regulations require that similar costs be treated consistently as either direct costs or indirect costs, in like circumstances. This regulation imposes a requirement on the University to ...