Cost Accounting For Dummies

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John Wiley & Sons, Feb 11, 2013 - Business & Economics - 408 pages
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The easy way to get a grip on cost accounting

Critical in supporting strategic business decisions and improving profitability, cost accounting is arguably one of the most important functions in the accounting field. For business students, cost accounting is a required course for those seeking an accounting degree and is a popular elective among other business majors.

Cost Accounting For Dummies tracks to a typical cost accounting course and provides in-depth explanations and reviews of the essential concepts you'll encounter in your studies: how to define costs as direct materials, direct labor, fixed overhead, variable overhead, or period costs; how to use allocation methodology to assign costs to products and services; how to evaluate the need for capital expenditures; how to design a budget model that forecast changes in costs based on expected activity levels; and much more.

  • Tracks to a typical cost accounting course
  • Includes practical, real-world examples
  • Walks you though homework problems with detailed, easy-to-understand answers

If you're currently enrolled in a cost accounting course, this hands-on, friendly guide gives you everything you need to master this critical aspect of accounting.

 

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Contents

Table of Contents
So You Want to Know about Cost Accounting
Brushing Up on Cost Accounting Basics
Using CostVolumeProfit Analysis to Plan Your Business
Estimating Costs with Job Costing
More Activity More Cost ActivityBased Costing
Using ActivityBased Costing to Compute Total Cost Profit and Sale Price
Planning and Control
Whats on the ShelfPInventory Costing
Making Decisions
Making Smart Business Decisions with Relevant Information
Making Smart Pricing Decisions Figuring Total Costs
Allocating Costs and Resources
Behind the Scenes Accounting for Support Costs and Common
Going Over Variance Analysis and Department Costs
Focusing on Common Costs

Constant Change Variance Analysis
Focusing on Overhead Costs
Tracing Similar Products with Process Costing
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About the author (2013)

Ken Boyd is a former CPA with over 27 years of experience in accounting, education, and financial services. Ken is the owner of St. Louis Test Preparation (www.stltest.net). He provides online tutoring in accounting and finance to both undergraduate and graduate students.

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