Applied cost

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Offline munna99185

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Applied cost
« on: October 18, 2018, 03:23:12 PM »
Applied cost is a way to allocate costs across items produced or services performed within a line of business. It makes sure that overhead costs of the operation are accounted for. Applied cost is used as a method for tracking costs within cost accounting, which is a discipline of accounting which compares costs of production to output produced. Cost accounting is often part of a company's decision-making for many processes including budgeting and implementing cost controls. Cost accounting is different than other disciplines of accounting, such as managerial accounting and accrual accounting.


Sayed Farrukh Ahmed
Assistant Professor
Faculty of Business & Entrepreneurship