cost accounting

noun

Definition of cost accounting

: the systematic recording and analysis of the costs of material, labor, and overhead incident to production

First Known Use of cost accounting

1894, in the meaning defined above

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Time Traveler for cost accounting

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The first known use of cost accounting was in 1894

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Cite this Entry

“Cost accounting.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/cost%20accounting. Accessed 22 Sep. 2020.

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More Definitions for cost accounting

cost accounting

noun

English Language Learners Definition of cost accounting

business : a system of recording and studying how much money a company spends

More from Merriam-Webster on cost accounting

Britannica.com: Encyclopedia article about cost accounting

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