Cost Analysis

Cost Analysis is a comparison of costs. Costs used to prepare financial statements are not the same as those used to control operations. Costs may be controllable or non-controllable and are subject to time periods and constraints. For example, controllable costs are those the manager may authorize. However, costs that may be able to be controlled over the long-term, may not be controllable in the short-term. Total cost is the relationship between production quantity and costs, expressed as: Total cost = Fixed Cost + Variable Cost * Output

See Also

Activity-Based Management (ABM)
Activity Based Costing (ABC)
Absorption Costing
Cost Accounting Standards (CAS)
IT Cost Allocation
IT Cost Optimization
Management Accounting
Accounting
Accounting Equation
Accounting Valuation
Accounts Receivable Factoring (FACTORING)
Accounts Receivable Financing