Cost Management: Strategies for Business DecisionsHilton/Maher/Selto (HMS) addresses traditional cost concepts, but makes cost accounting functional by focusing on measuring and managing costs. HMS maintains that, Costs don't just happen, and with a pro-active approach toward costs, accountants can add value to an organization. Faculty will appreciate the new and more conventional chapter organization in the first two sections of the text. The real-world approach of this text, including the use of focus companies and the new accompanying focus sites, provides a realistic business environment, and aids in student comprehension and interest in the subject. |
Contents
The Importance | 1 |
Choosing a LongTerm Strategy at Pursuit Com | 9 |
Cost Accumulation for JobShop | 88 |
Copyright | |
67 other sections not shown
Other editions - View all
Cost Management: Strategies for Business Decisions Ronald W. Hilton,Michael W. Maher,Frank H. Selto No preview available - 2003 |
Cost Management: Strategies for Business Decisions Ronald W. Hilton,Michael Maher,Frank H. Selto No preview available - 2002 |
Common terms and phrases
absorption costing accounting activities activity-based costing activity-based management actual administrative analysis average batch benefits chapter company's Compute contribution margin conversion costs cost allocations cost drivers cost-driver rate cost-management analysts costing system customer profitability decision direct material direct-labor hours efficiency variance employees equivalent units estimated evaluate example Exercise Exhibit facility-level FIFO Finished-Goods Inventory fixed overhead fixed-overhead flexible budget Glass Creations improve income statement increase incurred investment joint costs Koala Camp Gear labor machine hours manufacturing overhead measure method month net present value net realizable value operating organization's organizations output outsourcing overhead costs percent performance planning Prepare Problem process costing product costs purchased regression Required sales revenue schedule selling sold spreadsheet standard costs support-service departments target cost Theory of Constraints throughput Total costs unit-level costs variable costs variable-overhead Work-in-Process Inventory