×

Create CV Books Summaries Online Courses Blog Communities

Login

Sign up

Join Our Telegram Channel Now to Get Any New Free Courses : Click Here

Cost of Revenue

Share your inquiries now with community members Click Here

Previous Lesson Next Lesson

Sign Up and Get Free Certificate

Lessons List | 26 Lesson

Basic Cost Concepts with a touch of humor | Managerial Accounting

Basic Cost Concepts with a touch of humor | Managerial Accounting

Cost Objects

Direct vs Indirect Costs

Direct vs Indirect Costs

Product Costs in Manufacturing aka Inventoriable Costs

Product Costs in Manufacturing aka Inventoriable Costs

Period Costs

Product vs Period Cost

Product vs Period Cost

3 Types of Manufacturing Costs Direct Materials Direct Labor Manufacturing Overhead

3 Types of Manufacturing Costs Direct Materials Direct Labor Manufacturing Overhead

Direct Materials Managerial Acccounting

Direct Materials Managerial Acccounting

Direct Labor Managerial Accounting

Direct Labor Managerial Accounting

Manufacturing Overhead

Manufacturing Overhead

Prime Costs and Conversion Costs

Prime Costs and Conversion Costs

Raw Materials Inventory

Raw Materials Inventory

Work in Process WIP Inventory

Work in Process WIP Inventory

Finished Goods Inventory

Finished Goods Inventory

The Flow of Costs for a Manufacturer

The Flow of Costs for a Manufacturer

Nonmanufacturing Costs SG A Expense

Nonmanufacturing Costs SG A Expense

Cost of Goods Manufactured COGM

Cost of Goods Manufactured COGM

Opportunity Cost

Opportunity Cost

Cost of Goods Sold COGS for a Manufacturing Firm

Cost of Goods Sold COGS for a Manufacturing Firm

Journal Entry for Cost of Goods Sold

Journal Entry for Cost of Goods Sold

Cost of Revenue

Cost of Revenue

Sunk Costs

Variable Costs

Fixed Costs

The Relevant Range Managerial Accounting

The Relevant Range Managerial Accounting

Cost Drivers

Comments

Our New Certified Courses Will Reach You in Our Telegram Channel
Join Our Telegram Channels to Get Best Free Courses

We Appreciate Your Feedback

Excellent		1 Reviews
Good		0 Reviews
medium		0 Reviews
Acceptable		0 Reviews
Not Good		0 Reviews

4.8

5 Reviews

NGOGA ALEX

DONE 2025-06-12

jamil ghulam Sarwar

سوبر 2025-01-19

Sofika Rani.R

Good 2024-03-17

Meghna Jayachandran P

I gained deep insights from the course 2024-02-17

Bhagyalekshmi P B

Good 2024-01-09

Jane Mwangi

wonderful 2023-11-24

Mian Hazrat Shah

That's a very good course. 2023-10-22

Mahmoud Shihata

Cv 2022-07-12

Show More Reviews

Related Courses in Business

Business Entrepreneurship

Business Entrepreneurship

Business Soft Skills

Business Soft Skills

Economics

Intellectual Property

Intellectual Property

How to Start Business

How to Start Business

Start a Cleaning Business

Start a Cleaning Business

How to Write a Business Plan

How to Write a Business Plan

Passive Income

Managerial Accounting

Managerial Accounting

Financial Accounting

Financial Accounting

Quantitative Methods for Business Decision

Quantitative Methods for Business Decision

Operations Management Graduate MBA

Operations Management Graduate MBA

Cash Flow Statement

Cash Flow Statement

Fundamentals of Accounting

Fundamentals of Accounting

Financial Derivatives

Financial Derivatives

Clubbing of Income

Clubbing of Income

Course Description

The concept of direct and indirect cost is of basic importance in costing. Costs which are easily and directly allocated to products or units are termed as direct cost. ... In the process of manufacturing of a product, materials are purchased, wages are paid to labour, and certain other expenses are also incurred directly.What are the five cost concepts? Besides the concept of opportunity cost, there are several other concepts of cost namely fixed costs, explicit costs, social costs, implicit costs, social costs, and replacement costs. Hence there are several different types of concepts of cost, which have been discussed in the following.What is the basic concept of cost concepts? The cost concept demands all assets to be recorded in the books of accounts of the prices at which they were bought. This involves the cost incurred for transportation, installation, and acquisition. ... The word 'cost' is also known as 'money cost', which is linked with the capital expenditure of a company.

Trends

Recent