The market leading Principles of Cost Accounting, 12E offers a thorough, but concise, understanding of cost concepts, cost behavior, and cost accounting techniques applicable to manufacturing and service businesses. Readers will learn how to accurately determine the costs of products and services; use the knowledge of product and service costs to set selling prices, to bid on contracts, and to analyze the relative profitability of various products and services. Techniques will be demonstrated on how to measure the performance of managers and subunits 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 towards the organization's goals.