Objectives of cost accounting

Control of cost

 

The second objective of cost accounting is to control the cost so that the maximum and better production at minimum cost may be made possible. The achieve this objective, the techniques of budgetary control and standard costing are adopted.In order to know the efficiency of the organisation and its various departments and cost centres, budgeted and standards are fixed for materials, labour and overheads which are compared with the actual performances.

 

 

 

 

Objectives of cost accounting by D. Mahalakshmi