CURRENT COST ACCOUNTING is a system of accounting which adjusts for changing pricing.
DIRECT COST is that portion of cost that is directly expended in providing a product or service for sale and is included in the calculation of COST OF GOODS SOLD, e.g. labor and inventory (it can be traced to a given cost object in an economically feasible manner). Opposite of indirect cost.
EXCHANGE RATE is the rate at which one currency can be traded for another.
Enter a term, then click the entry you would like to view.