Product costs in managerial accounting are those that are necessary to manufacture a product. Product costs equal the sum of your direct materials costs, direct labor costs and manufacturing overhead ...

J.B. Maverick is an active trader, commodity futures broker, and stock market analyst 17+ years of experience, in addition to 10+ years of experience as a finance writer and book editor. Andy Smith is ...

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 ...

Cost accounting examines how a company spends money. All expenses are recorded and analyzed in detail and then reported to management, who uses this information to identify ways to increase efficiency ...

When you are calculating your company's finances, accuracy is crucial to both financial statements and tax filings. Each component of your financial statements and reporting impact the overall ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Vikki Velasquez is a researcher and writer ...

Introducing new products into the marketplace ranges from being a relatively routine event for some companies to being a major decision for others. In either case, it is a complex resource and costing ...

You drop a product when it loses money. Simple. But, as with most “simple” things, it’s always a good idea to apply a little extra thought. Going back to your cost accounting course in college, you ...

A year and a half after launch, the team at Traction is continuing to make strides in offering farmers easy-to-use, multiple entity accounting software while minimizing double entry. Traction, a cloud ...