Product Costing and Service Costing

Product calculator 2 Product Costing and Service Costingand Service Costing is the process of setting realistic cost standards for all products produced or services provided. Standard costs are budgeted costs that identify the value of the resources used in a specified product or service. Product and Service Costing is an important function that needs to be performed. This step ensures your understanding of the costs incurred, and how those costs affect the profitability of your company.

• Standard Costing
• Service Process Costing
• Cost Allocation
• Activity-Based Costing
• Life Cycle Costing
• Cost Analysis
• Job Order Costing