cost accounting


Definition of cost accounting

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

Examples of cost accounting in a Sentence

Recent Examples on the Web Food and raw material prices should shift to true-cost accounting models so that all externalities and subsidies are taken into consideration of pricing. Errol Schweizer, Forbes, 30 Aug. 2021 Are any pursuing B-Corp certification, open book management, true cost accounting or other progressive corporate models? Errol Schweizer, Forbes, 6 May 2021

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'cost accounting.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of cost accounting

1894, in the meaning defined above

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Time Traveler for cost accounting

Time Traveler

The first known use of cost accounting was in 1894

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Dictionary Entries Near cost accounting

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cost accounting

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Statistics for cost accounting

Last Updated

9 Sep 2021

Cite this Entry

“Cost accounting.” Dictionary, Merriam-Webster, Accessed 17 Sep. 2021.

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More Definitions for cost accounting

cost accounting


English Language Learners Definition of cost accounting

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

More from Merriam-Webster on cost accounting Encyclopedia article about cost accounting


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