cost calculation How is it important?

cost calculation How is it important?

cost calculation It is to record and report information about the cost of goods in the business. which can be applied in every business because it is important to business management

The importance of costing

- To know the cost of production and the cost of sales of the business.

- To bring the cost calculation data of the business to compare with the revenue to know whether there is a profit or a loss

- To know the value of inventories

- for use in planning control purchases and use the information to prepare a budget for purchasing goods

- To use in deciding whether to continue selling that product or not

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