Principles of Cost Accounting
PRINCIPLES OF COST ACCOUNTING introduces the essentials of cost accounting in a well-organized, practical, and concise new edition. Within the book's unique 10-chapter format, students gain a thorough understanding of cost concepts, cost behavior, and cost accounting techniques as they apply to manufacturing and service businesses. Unlike other texts, PRINCIPLES OF COST ACCOUNTING ensures that students master the fundamentals before progressing to more complex topics. Students begin with job order costing, and then advance to process costing before delving into specialized topics, such as budgeting, standard costing and variance analysis, costing for service businesses, and cost analysis for management decisions. PRINCIPLES OF COST ACCOUNTING meets the unique learning needs of today's student by introducing concepts in small, manageable sections that are immediately reinforced with proven questions, demonstration problems, exercises, and self-study quizzes. Students develop the competitive edge needed for success in today's job market as they learn how to determine the costs of products and services accurately and set effective selling prices. Students discover how to bid on products and analyze the relative profitability of various products and services. The book's easily accessible presentation focuses on techniques to measure the performance of managers within an organization, design an accounting system to fit the production and distribution system of an organization, and use the accounting system as a tool to motivate managers toward an organization's goals. Count on PRINCIPLES OF COST ACCOUNTING for the most logical, relevant, and real approach to your cost accounting course.
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Introduction to Cost Accounting
Accounting for Materials
Accounting for Labor
Accounting for Factory Overhead
Process Cost AccountingGeneral Procedures
Process Cost AccountingAdditional Procedures Accounting for Joint Products and ByProducts ...
The Master Budget and Flexible Budgeting
Other editions - View all
2012 Cengage Learning absorption costing activity-based costing administrative expenses allocated amount applied factory overhead balance balanced scorecard beginning inventory charged completed Compute contribution margin control account copied Copyright 2012 Cengage cost accounting cost method cost of production cost per unit Dept determine direct labor cost direct labor hours direct materials Due to electronic duplicated earnings eBook and/or eChapter(s electronic rights employees ending inventory equivalent production Equivalent units factory overhead account factory overhead costs FIFO Figure Finished and transferred fixed costs fixed factory overhead flexible budget income statement indirect journal entries manufacturing costs number of units overhead rate payroll taxes period Prepare production costs production departments production summary Required Rights Reserved salaries scanned Self-Study Problem selling and administrative semivariable service department sold standard cost suppressed third party content total cost unit cost units in process units of production variable costs wages whole