Abstract
Cost accounting is that branch of accounting that determines both the estimated and actual cost of the product. These numbers are used for inventory valuation and selling price considerations. The marketplace is the usual determinate of selling price but the product cost is an obvious consideration. Cost management is the additional activity of measurement and analysis.
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Bibliography
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© 2000 Springer Science+Business Media New York
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Toomey, J.W. (2000). Cost Concepts. In: Inventory Management. Materials Management / Logistics Series, vol 12. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-4363-3_2
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DOI: https://doi.org/10.1007/978-1-4615-4363-3_2
Publisher Name: Springer, Boston, MA
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