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Dynamic Costing

Dynamic Costing
3.5 (11 reviews)
ISBN: 978-87-7681-136-0
1 edition
Pages : 94
Price: Free

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Summary

Use Dynamic Costing to Control Costs and Increase Profits Dynamic Costing is an ebook to download free of charge.

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Description

Use Dynamic Costing to Control Costs and Increase Profits

Dynamic Costing is an ebook to download free of charge. This book includes case studies to demonstrate the real-world application of the principles of cost accounting and managing costs.

The practice of cost accounting helps businesses to optimize the use of resources to control costs and maximize profit. Without controlling costs, a business may be at a competitive disadvantage to competitors that can source cheaper materials, use materials more efficiently, hire cheaper labor, or use lower-cost production facilities.

The basic structure of Dynamic Costing is as follows:

1. Introduction to Costs, with discussion of principles and definitions such as fixed costs and variable costs, including the case study, “My Uncle’s Car.”2. Cost Functions, with case studies, “The North Sealand Raspberry Plantation,” “Easymap,” and “The Printing House.”

3. Different Cost Types As A Function of Different Decision-Making Situations.

4. Calculations with case study, “DK Bodywork Parts Ltd.”

5. Guiding Solutions.

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