Month: March 2021
- Cost Accounting
Definition of Cost Object in Cost Accounting
A cost object is anything for which a separate measurement of costs is desired. It may be a project, a customer, an activity or a department. The concept of cos
- Cost Accounting
What is Contribution Margin? Meaning and Calculation
The contribution margin can be defined as the amount by which the selling price of a product exceeds its total variable unit costs. This difference between the
- Cost Accounting
What Are Perpetual and Periodic Stock Systems?
A trade or manufacturing company’s net stock position and the cost of stock issued over the year are often required to calculate the stock consumption and