Cost accounting is the internal reporting system. It includes cost recording and reporting and cost measurement or estimation. In addition, it includes cost planning, cost control, and cost analysis.
one of the most limitation of accounting is measurement by historical cost
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cost accounting plays very important role in manufacturing organisation.unless cost accounting system one can't get the cost of the product appropriately.Many organisations fix their selling price based on the cost information.Not only in ascertaining cost of the product it can be used as measurement for their performance
Indirect measurement is a technique that uses proportions to find a measurement when direct measurement is not possible.
Measurement
Charles Forrest Graham has written: 'Work measurement and cost control' -- subject(s): Cost control, Work measurement
substitution cost, the measure of the cost you are giving up in order to achieve something else
Replacement cost. Acquisition cost at the date of measurement, typically the present, in contrast to the earlier date of acquisition.
Cost accounting is the internal reporting system. It includes cost recording and reporting and cost measurement or estimation. In addition, it includes cost planning, cost control, and cost analysis.
one of the most limitation of accounting is measurement by historical cost
The historic cost concept is an extension of the money measurement rule. It requires transactions to be recorded at the "original" cost. The changes in prices or values will be ignored.
Schedule Scope Cost
Schedule Scope Cost
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Karat in this context is a purity measurement, not a weight measurement. Today's price for one troy ounce of 24 karat gold (2010August2) is US$1,182.
The answer depends on what 0.1369 refers to and the units used in its measurement.