basic cost
Basic costs are a special cost category for costs equivalent to effort, i.e. costs that have an exact equivalent in terms of value in the financial accounting effort . They have an effect on income statement items if they are operational, planned or usual and appropriate to the period.
The total costs result from the sum of 3 components: the basic costs, the other costs and the additional costs . The basic costs together with the other costs correspond to the purpose expenditure .
As an example, the personnel costs result from the total expenditure for wages and salaries including associated ancillary costs, the consumption of raw materials or insurance premiums.
Individual evidence
- ↑ Basic costs - definition in the Gabler Wirtschaftslexikon
- ↑ Jörg Wöltje: Quick introduction to accounting / With CD-ROM: bookkeeping and annual financial statements, cost and performance accounting, rules according to HGB and IFRS . Haufe Lexware; Edition: 1 (May 20, 2008), ISBN 3448087165 , page 182
Web links
- Basic costs - definition in the dictionary of the Federal Agency for Civic Education / bpb.de