Composition of Costs, Their Content and Description
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Publishing House Education and Science s.r.o.
Abstract
Description
Indicators of expenses and costs are of great importance in planning, control and management decisions. This article describes the content and definitions of the concepts of expenses, manufacturing costs, and production costs. The classification of expenses has been studied. Definitions are given for the concepts of direct and indirect production costs and the cost accounting system. The goals, objectives and objects of cost accounting have been clarified as an economic science.
Keywords
expenses, manufacturing costs, production costs, direct and indirect production costs, cost accounting