What is another name for detailed planning of primary costs and activity inputs?

Detailed planning of primary costs and activity inputs is often referred to as unit costing. Unit costing focuses on calculating the costs associated with producing one unit of a product or service. This approach helps organizations determine the cost per unit by analyzing all the direct and indirect costs involved in production, which facilitates better pricing, budgeting, and financial planning.

It is crucial for companies to understand unit costs as they provide insights into profitability and cost management at a granular level. This method of pricing is essential for operational decision-making and helps in identifying cost-saving opportunities during production.

The other terms do not align with the concept of detailed planning of primary costs and activity inputs. Indirect costing refers to allocation of costs that are not directly attributable to a specific cost object. Fixed costing relates to the allocation of fixed costs, which do not change with production levels, while projected costing addresses future estimates of costs rather than the accuracy of costs associated with unit production.