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Cost Accounting: Prime Costs vs. Conversion Costs

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Cost Accounting  Prime Costs Vs  Conversion Costs.jpg

Does your company make and sell products? If so, you know it’s important to track the types of expenses that go into making those products. This information helps you make better decisions when pricing products and lowering costs. There are two main types of costs you want to track: prime costs and conversion costs. Cost accounting can give you information about how your company is doing and how it can improve.

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Original Article Source Credits: Quickbooks , https://quickbooks.intuit.com/

Article Written By QuickBooks Canada Team

Original Article Posted on :NA

Link to Original Article: https://quickbooks.intuit.com/ca/resources/cash-flow/cost-accounting-prime-costs-vs-conversion-costs/

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