Cost accounting helps a company know how much an item cost a company. The company can then add the cost they need to make to the product, usually done as a percentage.
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The first thing which needs to be done in cost accounting is to Calculate the selling price.
The first thing which needs to be done in cost accounting is to Calculate the selling price.
This is applicable to consumer durable products where retail prices are recommended because there is a huge consumer market for such products.
selling price to whole seller.
define cost and selling price