cost ascertainment


cost ascertainment
The process of determining the costs of the operations, processes, cost centres, and cost units within an organization.

Accounting dictionary. 2014.

Look at other dictionaries:

  • cost ascertainment grouping — (CAG) A method that classifies post offices according to volume of revenue generated. Each year, the Postal Bulletin publishes the number of revenue units for each classification. CAG A G offices with about 950 or more revenue units. CAG H J… …   Glossary of postal terms

  • cost centre — The area of an organization for which costs are collected for the purposes of cost ascertainment, planning, decision making, and control. Cost centres are determined by individual organizations; they may be based on a function, department,… …   Accounting dictionary

  • cost centre — The area of an organization for which costs are collected for the purposes of cost ascertainment, planning, decision making, and control. Cost centres are determined by individual organizations; they may be based on a function, department,… …   Big dictionary of business and management

  • standard production cost — The production costs of products and operations calculated from predetermined levels of performance and cost in order to provide a yardstick against which actual production costs can be compared for the purposes of cost ascertainment and control …   Accounting dictionary

  • standard production cost — The production costs of products and operations calculated from predetermined levels of performance and cost in order to provide a yardstick against which actual production costs can be compared for the purposes of cost ascertainment and control …   Big dictionary of business and management

  • CAG — cost ascertainment grouping (CAG) A method that classifies post offices according to volume of revenue generated. Each year, the Postal Bulletin publishes the number of revenue units for each classification. CAG A G offices with about 950 or more …   Glossary of postal terms

  • CAG — Comptroller and Auditor General (Governmental » State & Local) * Cagliari, Italy (Regional » Airport Codes) * Conagra, Inc. (Business » NYSE Symbols) * Commander Air Group (Governmental » Military) * Carrier Air Group (Governmental » Military) *… …   Abbreviations dictionary

  • standard costing — A system of cost ascertainment and control in which predetermined standard costs and income for products and operations are set and periodically compared with actual costs incurred and income generated in order to establish any variances.… …   Accounting dictionary

  • standard marginal costing — In a marginal costing system, a system of cost ascertainment and control in which predetermined standards for marginal costs and income generated for products and operations are set and periodically compared with actual marginal costs incurred… …   Accounting dictionary

  • standard costing — A system of cost ascertainment and control in which predetermined standard costs and income for products and operations are set and periodically compared with actual costs incurred and income generated in order to establish any variances Standard …   Big dictionary of business and management