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Title Details:
Cost definition and cost management
Authors: Aggelopoulos, Eleftherios
Georgopoulos, Antonios
The second chapter introduces the reader to the concept of cost, its classification into three basic elements (direct materials, direct labour and overheads), as well as its behaviour in relation to production (variable, fixed, semi-variable). Then, the cost estimation technique based on the high/low production analysis is illustrated. Additionally, the flow of cost in the production process is described along with its recording (as product cost and period cost) in the financial accounting statements. The chapter concludes with the content of the accounts of Analytical Accounting (Group 9) based on the Greek Accounting Standards.
Linguistic Editors: Lampropoulos, Ioannis
Graphic Editors: Kalogera, Maria
Type: Chapter
Creation Date: 08-07-2022
Item Details:
License: Attribution - NonCommercial - ShareAlike 4.0 International (CC BY-NC-SA 4.0)
Bibliographic Reference: Aggelopoulos, E., & Georgopoulos, A. (2022). Cost definition and cost management [Chapter]. In Aggelopoulos, E., & Georgopoulos, A. 2022. Management Accounting [Undergraduate textbook]. Kallipos, Open Academic Editions.
Language: Greek
Is Part of: Management Accounting
Publication Origin: Kallipos, Open Academic Editions