In this episode of Echo Verse AI Originals, we break down fundamental cost accounting principles and their real-world applications. From cost behavior and assignment to job costing, process costing, and activity-based costing, we explore how businesses manage financial efficiency. Learn about budgeting, variance analysis, and performance measurement, along with key topics like transfer pricing, cost allocation, and capital budgeting. We also discuss inventory management strategies and the impact of quality control on costs. Whether you're an accountant, financial analyst, or business owner, this episode provides essential insights into cost management and profitability.