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Accounting
Cost Elements
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Accounting
cost elements
are
the cost types that a business will incur.
We only
have control over what we
track and analyze, so putting costs into categories helps to control
them.
The
Cost Accountant will firmly understand and be able to analyze and
report on any or all of the following
categories:
Cost
Reports:
These costs can be reported by
part, or for the entire plant.
Cost reports also can be generated for any period of time.
These
reports absolutely are necessary to help management make good decisions.
If the costs are higher than what they should be, then action needs to
be taken to bring the costs back in line.
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