Cost accounting and product costing are two accounting methods for determining the cash needed to create goods and services. A company's decision to use either accounting technique can have lasting ...

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 ...

Cost accounting provides companies with more flexibility than general accounting methods, but this comes with added complexity and a higher cost.

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 ...

Emerging technologies — such as artificial intelligence (AI) and especially machine learning — allow organizations to streamline their operations and better realize growth opportunities. Importantly, ...

Industrial manufacturing leads the way in adopting emerging technologies to optimize costs and drive growth. Ninety-three percent of industrial manufacturing organizations use artificial intelligence ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Kaplan, Robert S. "Limitations of Cost Accounting in Advanced Manufacturing Environments." In Measures for Manufacturing Excellence, edited by Robert S. Kaplan, 15–38. Boston: Harvard Business School ...

Overhead expenses are any costs that aren't directly associated with generating a profit. Although they don't contribute to revenue, they are still important and necessary. Companies use cost ...

A new study by UC Davis researchers quantifies the climate costs of carbon emissions from manufacturing common materials such as steel, aluminum, plastics and cement. Including these costs in the ...

Producing materials such as steel, plastics and cement in the United States alone inflicts $79 billion a year in climate-related damage around the world, according to a new study by engineers and ...