Measuring costs Cost measurement is not a standard term. Accountants,who are the experts in this domain, call it“cost accounting”. But this word does not speak so much outside their world. What we want to do is to put a cost value on all the “objects” we manufacture, from observations of the efforts devoted to the manufacturing process. Any technician or engineer knows what measurement means: it is part of their day-to-day activity. The same thing has to be done for costs and it is the reason we use the word “cost measurement”.
Posted on: Mon, 24 Jun 2013 07:56:48 +0000
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