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COST ACCOUNTING: (Its common termed, costing) is define as the application of accounting and costing principle, method and approaches in the ascertainment of the total cost of production by identifying and analyzing the element of cost that go into productive so a to ensure cost saving and cost compliance and measurement of income.

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cost accounting NATIONAL OPEN UNIVERSITY OF NIGERIA . 3.1.4.2 Costing Method Is a method of cost as certainment that centres on the business. For a business that deals with a standardized product made under mass production methods or through a series of production steps called processes the appropriate costing method to use in process …

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