Principles of Cost Accounting
Discover how readable, real, and relevant cost accounting can be with PRINCIPLES OF COST ACCOUNTING, 14E. This edition packs the essentials you need to know for your future in a unique 10-chapter format that's well organized, practical, and concise. You gain a thorough understanding of cost concepts, cost behavior, and cost accounting techniques as they apply to manufacturing and service businesses. To ensure your understanding, the book introduces concepts in small, manageable sections that are immediately reinforced with proven questions, demonstration problems, practice exercises, and self-study quizzes. You master the fundamentals of job order costing and process costing before progressing to more advanced topics, such as budgeting, standard costing and variance analysis, costing for service businesses, and cost analysis for management decisions. Focus on the skills that will take you far in today's competitive job market as you learn how to accurately determine the costs of products and services and how to set effective selling prices. Learn the techniques to accurately measure the performance of managers within an organization and use accounting to motivate managers toward an organization's goals. Find the relevant approach you need with the real cost accounting skills that will take you far in business today with PRINCIPLES OF COST ACCOUNTING, 14E.
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2008 Thomson Learning absorption costing activity-based costing actual factory overhead administrative expenses allocated amount applied factory overhead balance balanced scorecard beginning inventory Calculate Compute contribution margin control account Copyright 2008 Thomson cost accounting cost of production cost per unit debit Dept determine direct labor cost direct labor hours direct materials distribution earnings employees end of month ending inventory equivalent production Equivalent units estimated factory overhead account factory overhead costs FICA Tax FIFO Figure Finished and transferred fixed costs fixed factory overhead fixed overhead flexible budget income statement indirect Inventory costs job order cost journal entries labor rate manufacturing costs number of units operations overhead rate payroll taxes period Prepare production departments production summary professional labor purchase Required revenue Rights Reserved salaries SELF-STUDY PROBLEM selling and administrative semivariable service department sold standard cost total cost unit cost units in process units of production variable costs wages