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According to our cost accounting assignment help experts, cost accounting is the process that aims to capture a company’s cost of production by assessing the input costs of each step of production as well as fixed costs such as depreciation costs of capital equipments. Cost accounting help cost accounting is the study of control, pricing, planning, and profits it focuses on all aspects of cost including direct and indirect costs, fixed and variable costs, product and period costs, overhead rates, absorption costing, and process costing. Cost pool is the account head in which costs are accumulated for further assignment to cost objects examples of cost pools include factory rent, insurance, machine maintenance cost, factory fuel, etc selection of cost pool depends on the cost allocation base used.
Accounting accounting is the recording of the financial transactions of a business or organization it also involves the process of summarizing, analyzing, and reporting these transactions in financial statements. Need help with accounting problems please need help with accounting problems asked feb 22, i'm working on preparing consolidated financial statements for a homework assignment i'm having some trouble though i am currently in managerial accounting and if anyone could be of help, i'd really appreciate it here are some problems i. Cost accounting is responsible for recording, collection of the information, analysis, classification, and summarizing the production costs for cost control purposes and alternatives evaluation with the help of cost accounting, tactical, operational, and strategic decisions are made for cost efficiency.