Cost Accounting Approaches SLP-4



Cost Accounting Approaches - Wal-Mart

Introduction

A cost system is a set of procedures and techniques for calculating the cost of various activities. This part focuses on the Cost Accounting Approaches by Wal-Mart and how they applied and evaluate their implemented cost system.

Discussion

Specific cost accounting techniques that have been implemented by the Wal-Mart are:

Absorption costing

Cost method includes the costs of the elements (materials, labor and overhead) and incorporated into products, whether fixed or variable i.e. absorb the cost items of the same, regardless of its behavior relative to the volume of activity. This method is applied for ...