Discover what applied cost means in accounting, how it works with allocation rates, and see an example to understand its role ...

You can track your small business' manufacturing costs several ways, but the most important thing you must do is separate direct costs and labor costs. This lets you know where you are spending your ...

The financial reporting that a restaurant generates is significantly different from the reports that a manufacturing company uses, mostly because a restaurant is a service-oriented business and a ...

Cost accounting examines how a company spends money. All expenses are recorded and analyzed in detail and then reported to ...

Anna Baluch is a freelance writer from Cleveland, Ohio. She enjoys writing about a variety of health and personal finance topics. When she's away from her laptop, she can be found working out, trying ...

Not all forms of accounting are the same. Some focus on costs, others on audits and some focus on taxes. While having a solid handle on your business’s finances is essential, how you track business ...