cost accounting


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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The first known use of cost accounting was in 1894

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Cite this Entry

“Cost accounting.” Dictionary, Merriam-Webster, Accessed 22 Sep. 2020.

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cost accounting


English Language Learners Definition of cost accounting

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

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