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Financial Management and Reporting
Cost Accounting and Cost Analysis
We carry out work on establishing and developing cost accounting systems in order to identify, classify and monitor the cost elements of production, service and trading activities and to allocate them to the relevant activities.
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merit@meritizmir.com.tr · Monday – Friday, 09:00 – 17:00
Scope of our services
- Establishing a cost accounting system suited to the business's activities
- Classifying raw materials and supplies, direct labour and general production overheads
- Separating fixed and variable costs
- Determining cost centres, cost types and cost objects
- Establishing primary and secondary allocation bases and allocating costs
- Calculating production, work-in-progress, finished goods and service costs
- Work on applying job order, process and activity-based costing methods
- Calculating and comparing standard and actual costs
- Determining unit costs and cost indicators for capacity utilisation
- Monitoring inventory and production costs
- Analysing waste, losses and production variances
- Cost and profitability analyses by product, service, project and activity
- Break-even and contribution margin analyses
- Preparing reports on cost control and cost allocation
- Work on reconciling cost accounting records with general accounting records
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