What Are Other Functions Costing Perform?

"A costing system that samples records the costs for the purpose of fixing the sale prices have accomplished only the small part of its mission". What other functions does costing act?


Answer:
Well!
I think costing is much more than that as you have mentioned. In fact the key aim of the company is to utilize the resources efficiently and costing does the same thing. Through the cost analysis the company go from step by step process and analyzes the exact number of sales which are necessary for the company to make. It also tell about the incremental costs analysis. Not only that there are several other benefits which can be accessed from the link below:

costing


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