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For most people, spending money is a whole lot easier and more fun than earning it. I wont tell you to stop having fun and turn...
It is not surprisingly, my post about “Capitalization and Amortization of Software Cost“ been gaining lots of reaction and questions on the ground [through email], particularly...
Leasing is an alternative to purchasing. Because the lessee is obligated to make a series of payments, a lease arrangement resembles a debt contract. Thus, the...
Target costing differs from most of other costing methodologies [which are primarily concerned with the interpretation of costing data after it has already been incurred] in...
The cost control system is an integral part of the overall organizational decision support system. The cost control system focuses on intra-organizational information and contains the...
There are many types of cost variance, which fall into the two general categories of price and efficiency variances. The price variance is the difference between...
Disposition of under-applied or over-applied overhead depends on the significance of the amount involved. If the amount is immaterial, it is closed to Cost of Goods...
The predetermined overhead rates are used throughout the year to apply overhead to Work in Process Inventory. Overhead may be applied as production occurs, when goods...
A real estate project is considered substantially completed and held available for occupancy upon completion of tenant improvements by the developer, but no later than one...
In real estate properties that are intended for rent or sale after development is completed, leasing and selling activities generally occur throughout the acquisition, development, and...
A daily question faced by managers is whether the right components and services will be available at the right time to ensure that production can occur....
As real estate projects often span long time periods until their completion, it is of critical importance to evaluate at the outset of a real estate...
Project costs are defined as “costs clearly associated with the acquisition, development, and construction of a real estate project”. In certain real estate projects, land is...
Cost control must be exercised over manufacturing and non-manufacturing costs. Costs should only be incurred for necessary business expenditures that will provide revenue benefit to the...
The typical cost accounting report shows the current cost of each product, perhaps in relation to a standard cost that was put in place when the...