process cost
71cost classification — The process of grouping expenditure according to common characteristics. Costs are initially divided into capital expenditure and revenue expenditure. In a production organization the revenue expenditure is classified sequentially to enable a… …
72cost of quality — The total costs of ensuring good quality or rectifying poor quality. Ultimately, by improving quality managers will reduce costs and improve profits. Four categories of costs are useful for this analysis: • prevention costs. These are the costs… …
73cost sheet — A form used in costing to collect together all the costs of a service, product, process, or cost centre, for presentation to the management or for use in the costing system …
74cost classification — The process of grouping expenditure according to common characteristics. Costs are initially divided into capital expenditure and revenue expenditure In a production organization the revenue expenditure is classified sequentially to enable a… …
75cost of quality — The total costs of ensuring good quality or rectifying poor quality. Ultimately, by improving quality managers will reduce costs and improve profits. Four categories of costs are useful for this analysis: • prevention costs. These are the costs… …
76cost centre — / kɒst ˌsentə/ noun 1. a person or group whose costs can be itemised and to which costs can be allocated in accounts 2. a unit, a process, or an individual that provides a service needed by another part of an organisation and whose cost is… …
77cost analysis — / kɒst əˌnæləsɪs/ noun the process of calculating in advance what a new product will cost …
78cost-benefit analysis — /kɒst benɪfɪt əˌnæləsɪs/ noun the process of comparing the costs and benefits of various possible ways of using available resources. Also called benefit cost analysis …
79cost centre — / kɒst ˌsentə/ noun 1. a person or group whose costs can be itemised and to which costs can be allocated in accounts 2. a unit, a process, or an individual that provides a service needed by another part of an organisation and whose cost is… …
80cost ledger — noun ledger showing the accumulated costs classified in various ways • Hypernyms: ↑ledger, ↑leger, ↑account book, ↑book of account, ↑book * * * noun : one of the books of account in a cost system to which entries are posted from books of original …