Principles of Cost Accounting

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Cengage Learning, Feb 1, 2012 - Business & Economics - 600 pages
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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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Contents

Introduction to Cost Accounting
1
Accounting for Materials
65
Accounting for Labor
127
Accounting for Factory Overhead
175
Process Cost AccountingGeneral Procedures
245
Process Cost AccountingAdditional Procedures Accounting for Joint Products and ByProducts ...
297
The Master Budget and Flexible Budgeting
349
Standard Cost AccountingMaterials Labor and Factory Overhead
395
Cost Accounting for Service Businesses and the Balanced Scorecard
463
Cost Analysis for Management Decision Making
503
Glossary
553
Index
567
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About the author (2012)

Edward J. Vanderbeck has been a professor of accounting for 30 years and Chair of the Department of Accountancy at Xavier University, Cincinnati, Ohio, for 22 years. Before retiring in 2008, Professor Vanderbeck specialized in teaching cost accounting to accounting majors and managerial accounting to undergraduate and MBA students. He has taught at the two-year college level at SUNY--Delhi. He has a BA in accounting from SUNY--Binghamton and an MS in business administration from SUNY--Albany. He is licensed as a CPA (inactive) in the state of Ohio. Professor Vanderbeck has worked as an internal revenue agent, and has performed a faculty internship at what was formerly the Big Eight accounting firm of Touche-Ross. He has served as a developmental editor and marketing manager for accounting publications with South-Western. Professor Vanderbeck is an avid tennis player and a student of casino gaming strategies.

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