cost accounting system

This model is used in the cost accounting system to determine costs by products.

In a true job cost accounting system, a Budget is set up in advance of the job.

And the publishing company is installing its own cost accounting system because Harvard's 358-year-old system was too quaint.

These measurements eliminate the need for the shop-floor tracking and variance reporting favored by traditional cost accounting systems.

For these reasons, most companies use predetermined overhead rates rather than actual overhead rates in their cost accounting systems.

The new company also got a $50,000 contract with the Colorado Highway Department to develop a governmental accounting, construction cost accounting system.

As a result, there is wide variety in the cost accounting systems of the different companies and sometimes even in different parts of the same company or organization.

A spokeswoman for the F.A.A., Laura Brown, said, "We're one of the few federal agencies that's even implementing a cost accounting system.

"A credible cost accounting system is a necessary precondition to develop needed financial and cost data and thereby serve as the foundation for any results-based organization," said the report.

Very often, the best way to get an accurate PE recovery method in the least burdensome way is to base it on your internal cost accounting system used for management reporting purposes.

And BOC customers like M.I.T. give BOC access to their cost accounting systems, to avoid having to re-enter data as an order works its way through the process.

Unlike the accounting systems that help in the preparation of financial reports periodically, the cost accounting systems and reports are not subject to rules and standards like the Generally Accepted Accounting Principles.

Thys found great fulfillment in the diversity of his work, from designing specialized equipment and championing new casting technologies to building a cost accounting system and serving as president of the Investment Casting Institute.

According to the General Accounting Office, the costs of providing air traffic control services to each segment of aviation are unknown because the Federal Aviation Administration does not have an adequate cost accounting system.

Plaut and Kilger focused on creating a cost accounting system that would cater to managers who are responsible for controlling costs, managing profits and providing information that would enable managers to make informed decisions.

In documents unsealed Tuesday night in Federal District Court in Los Angeles, Mr. Carton contended that Litton's computerized cost accounting system had systematically misallocated costs between the company's commercial and Government contracts, resulting in overcharges on Government contracts.

In a scathing report issued in January, the General Accounting Office reported that it could not calculate how much the I.R.S. had spent on SCRIPS since 1989 because the Government's tax-collection agency "does not have an accurate cost accounting system."

This Sustainability Framework highlights RCA under the sub-heading Improving Information Flows to Support Decision and informs readers that proper cost allocation can be built 'directly into the cost accounting system', thereby enhancing an organization's performance for "identifying, defining and classifying costs in a useful way".