Cost Accounting For Dummies
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.
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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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 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