This is considered to be a volume variance | are costs that don't vary depending on the level of production |
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Investopedia requires writers to use primary sources to support their work | Indirect costs are costs that cannot be directly linked to a product |
History of Cost Accounting Scholars believe that cost accounting was first developed during the when the emerging economics of industrial and forced manufacturers to start tracking their fixed and variable expenses in order to optimize their production processes.
17Two factors can contribute to a favorable or unfavorable variance | are costs specifically related to producing a product |
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Even though standard costs are assigned to the goods, the company still has to pay actual costs | Cost accounting systems and the techniques that are used with it can have a high start-up cost to develop and implement |
Financial accounting presents a company's financial position and to external sources through , which include information about its , , , and.