Cost Accounting: A Managerial Emphasis
Studying cost accounting is one of the best business decisions a student can make. Why? Because success in any business-from the smallest corner store to the largest multinational corporation-requires the use of cost accounting principles and practices. Cost accounting provides key data to managers for planning and controlling, as well as for costing products, services, and customers.
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The ACCOUNTANTS Role in The Organization3
The pervading duties of the management accountant
An Introduction To Cost Terms and Purposes
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accounting activity actual additional administrative allocation allowed alternative amount analysis annual applied approach assets Assume average balance basis beginning breakeven budget called capital cash changes Chapter charged completed Compute considered contribution decision depreciation desired direct labor Direct materials division dollars effects efficiency equipment example Exhibit expected expenses factory overhead finished fixed costs given illustration income increase inputs inventory investment machine major manufacturing margin measure method month normal Note operating organization output percent performance period planning plant practice prediction Prepare present probability problem production profit purchase rate of return regarding relevant REQUIRED responsibility selling shows sold spoilage standard statement step Stores Suppose total costs transferred units usually variable costs variance various volume