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In: Accounting

what is definition of : - other cost summary report? - project cost report - s-curve...

what is definition of :

- other cost summary report?
- project cost report
- s-curve by spending report?

Solutions

Expert Solution

- Other cost summary report Definition:

A process cost summary is a production report that shows a department's expenses, units produced, and costs allocated to the production units. In other words, this is a report that summaries all of the production activities of a department or process.

- Project cost report:

Cost reporting is a process used to inform a client (or other party) about the magnitude of a construction project's predicted, or actual cost. This can be expressed either in absolute terms or as a variance compared to the project budget. ... It is important to be clear what costs will be included in cost reports.

- S-curve by spending report:

S-Curve Analysis. S-Curves are used to visualize the progress of a project over time. They plot either cumulative work, based on person-hours, or costs over time. The name is derived from the fact that the data usually takes on an S-shape, with slower progress at the beginning and end of a project.


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