Process costing is a management accounting function. Business owners use this function to accurately calculate and apply the business costs for producing specific types of goods. Process costing ...

Plastics processors are fortunate to have several options for managing and calculating costs. While each has its own set of advantages, all provide a slightly different path to the bottom line.

Plastics processors are fortunate to have several options for managing and calculating costs. In part one of this series, we discussed the benefits of a production profit contribution model. This ...

External financial reporting standards are inconsistent with the essential principle for costing for internal decision support: The reflection of cause and effect relationships. The signs that your ...

Analyzing costs can help companies make strategic, financially sound decisions. Activity-based costing and absorption costing are two popular accounting methods that companies employ when evaluating ...

In manufacturing facilities, equivalent units of production are calculated to determine the value of a department's work-in-process inventory at the end of an accounting period. EUPs represent the ...