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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The first known use of cost accounting was in 1894

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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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