Several basic templates are available for Microsoft Excel that make it simple to calculate production costs.

A variable cost is an expense that changes in proportion to increases and decreases in production or sales volume.

Reviewed by Charlene Rhinehart Fact checked by Vikki Velasquez Businesses depreciate long-term assets for both tax and accounting purposes. For tax purposes, businesses can deduct the cost of the ...

Schedule Labor Now that the cost information is in place, divvying up the staff time is the next step in calculating the budgeted cost of work over the work scheduled in Excel.

The high-low method is used in cost accounting to estimate fixed and variable costs based on a business's highest and lowest levels of activity. By focusing on these extremes, the high-low method ...