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What (who) is farm cost accounts - definition

A SYSTEMATIC SET OF PROCEDURES FOR RECORDING AND REPORTING MEASUREMENTS OF THE COST OF MANUFACTURING GOODS AND PERFORMING SERVICES IN THE AGGREGATE AND IN DETAIL

Cost management; Cost Accountant; Cost control; Costing; Standard Accounting; Cost Accounting; Budget management; Cost accounts

Cost, Texas

HUMAN SETTLEMENT IN TEXAS, UNITED STATES OF AMERICA

Cost, TX

Cost is an unincorporated community in Gonzales County, Texas, United States. According to the Handbook of Texas, the community had an estimated population 62 in 2000.

https://en.wikipedia.org/wiki/Cost,_Texas

Cost reduction

PROCESS USED BY COMPANIES TO REDUCE THEIR COSTS AND INCREASE THEIR PROFITS

Cost-cutting; Cost cutting; Cost saving; Cost-saving

Cost reduction is the process used by companies to reduce their costs and increase their profits. Depending on a company’s services or products, the strategies can vary.

https://en.wikipedia.org/wiki/Cost_reduction

Opportunity cost

WHEN PRESENTED WITH MULTIPLE OPPORTUNITIES, THE COST OF MAKING A CERTAIN CHOICE IN COMPARISON TO ITS ALTERNATIVES

Alternative cost; Hidden cost; Opportunity costs; Opportunity Cost; Oppurtunity Cost; Oppetunity cost; Hidden costs; Opprtunity cost

In microeconomic theory, the opportunity cost of a particular activity is the value or benefit given up by engaging in that activity, relative to engaging in an alternative activity. More simply, it means if you chose one activity (for example, an investment) you are giving up the opportunity to do a different option.

https://en.wikipedia.org/wiki/Opportunity_cost

Wikipedia

Cost accounting

Cost accounting is defined by the Institute of Management Accountants as "a systematic set of procedures for recording and reporting measurements of the cost of manufacturing goods and performing services in the aggregate and in detail. It includes methods for recognizing, classifying, allocating, aggregating and reporting such costs and comparing them with standard costs". Often considered a subset of managerial accounting, its end goal is to advise the management on how to optimize business practices and processes based on cost efficiency and capability. Cost accounting provides the detailed cost information that management needs to control current operations and plan for the future.

Cost accounting information is also commonly used in financial accounting, but its primary function is for use by managers to facilitate their decision-making.

https://en.wikipedia.org/wiki/Cost accounting