COST ACCOUNTING 101

To really support ANY company, you must understand your costs. Cost Accounting is an often difficult to find skill set that is critical for

• Properly assigning costs

• Accurate gross margin

• Understanding of human resource staffing

• Determining Sales Prices

• Identifying Strong and Weak product lines (loss leaders)

• Creating Price, Volume, Mix Analysis

• Identifying opportunities for cost improvements and reductions

• Supports the creation and actualization of business plans

• Improves Strategic Planning and Decision Making