Discover what applied cost means in accounting, how it works with allocation rates, and see an example to understand its role in managing overheads efficiently.

You can track your small business' manufacturing costs several ways, but the most important thing you must do is separate direct costs and labor costs. This lets you know where you are spending your ...

The financial reporting that a restaurant generates is significantly different from the reports that a manufacturing company uses, mostly because a restaurant is a service-oriented business and a ...

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 ...

In honor of the release of the 6th Edition of the Government Contracts Compliance Handbook, we are sharing six essential tips for complying with the Cost Accounting Standards (CAS). CAS compliance is ...

Not all forms of accounting are the same. Some focus on costs, others on audits and some focus on taxes. While having a solid handle on your business’s finances is essential, how you track business ...