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Principles Of Cost Accounting,9780840037039
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Principles Of Cost Accounting



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CENGAGE Learning
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This is the 15th edition with a publication date of 10/29/2009.

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  • Principles of Cost Accounting, 17th Edition
    Principles of Cost Accounting, 17th Edition
  • Principles of Cost Accounting
    Principles of Cost Accounting
  • Principles of Cost Accounting
    Principles of Cost Accounting
  • Principles of Cost Accounting
    Principles of Cost Accounting
  • Principles of Cost Accounting, 15th Edition
    Principles of Cost Accounting, 15th Edition
  • Principles of Cost Accounting
    Principles of Cost Accounting


This book provides readers with a thorough, but concise, understanding of concepts, behavior, and accounting techniques applicable to manufacturing cost systems.

Table of Contents

Introduction to Cost Accountingp. 1
Uses of Cost Accounting Informationp. 4
Determining Product Costs and Pricing, Planning and Control
Professional Ethics, CMA Certification, and Corporate Governancep. 9
Relationship of Cost Accounting to Financial and Management Accountingp. 10
Costs of Goods Sold, Inventories
Elements of Manufacturing Costsp. 15
Direct Materials, Direct Labor, Factory Overhead, Summary of Manufacturing Costs, Flow of Costs
Illustration of Accounting for Manufacturing Costsp. 18
Cost Accounting Systemsp. 27
Special Order, Continuous or Mass Production, Combination of Systems, Standard Costing
Illustration of a Job Order Cost Systemp. 30
Work in Process in the Manufacturing Statement
IMA Statement of Ethical Professional Practicep. 36
Principles, Standards, Resolution of Ethical Conflict
Accounting for Materialsp. 63
Materials Controlp. 64
Physical Control of Materials, Controlling the Investment in Materials
Materials Control Proceduresp. 70
Materials Control Personnel, Control during Procurement, Control during Storage and Issuance
Accounting for Materialsp. 79
Determining the Cost of Materials Issued, Accounting Procedures
Just-in-Time Materials Controlp. 91
JIT and Cost Control, JIT and Cost Flows
Scrap, Spoiled Goods, and Defective Workp. 97
Scrap Materials, Spoiled and Defective Work
Accounting for Laborp. 123
Wage Plansp. 125
Hourly Rate Plan, Piece-Rate Plan, Modified Wage Plans
Controlling Labor Costp. 128
Labor Time Records, Payroll Function
Accounting for Labor Costs and Employers' Payroll Taxesp. 132
Employers' Payroll Taxes, Illustration of Accounting for Labor Costs
Payroll Accrualp. 141
Special Labor Cost Problemsp. 144
Shift Premium, Employee Pension Costs, Bonuses, Vacation and Holiday Pay, Accounting for Bonuses, Vacations, and Holiday Pay
Accounting for Factory Overheadp. 169
Identifying Cost Behavior Patternsp. 170
Analyzing Semivariable Factory Overhead Costsp. 172
Observation Method, High-Low Method, Scattergraph Method, Limitations of High-Low and Statistical Scattergraph Methods, Least-Squares Regression Method
Budgeting Factory Overhead Costsp. 179
Accounting for Actual Factory Overheadp. 180
Factory Overhead Analysis Spreadsheets, Schedule of Fixed Costs, General Factory Overhead Expenses, Summary of Factory Overhead
Distributing Service Department Expensesp. 185
Applying Factory Overhead to Productionp. 192
Direct Labor Cost Method, Direct Labor Hour Method, Machine Hour Method, Activity-based Costing Method
Accounting for Actual and Applied Factory Overheadp. 198
Process Cost Accounting-General Proceduresp. 237
Comparison of Basic Cost Systemsp. 238
Materials and Labor Costs, Factory Overhead Costs
Product Cost in a Process Cost Systemp. 239
Nondepartmentalized Factory, Departmentalized Factory
Work in Process Inventoriesp. 240
Cost of Production Summary-One Department, No Beginning Inventoryp. 244
Cost of Production Summary-One Department, Beginning Inventoryp. 247
Cost of Production Summary-Multiple Departments, No Beginning Inventoryp. 250
Cost of Production Summary-Multiple Departments, Beginning Inventoryp. 259
Changes in Prior Department's Unit Transfer Costsp. 266
Process Cost Accounting-Additional Procedures; Accounting for Joint Products and By-Productsp. 287
Equivalent Production-Materials Not Uniformly Appliedp. 288
Illustrative Problem No. 1, Illustrative Problem No. 2, Illustrative Problem No. 3
Units Lost in Productionp. 296
Units Gained in Productionp. 298
Equivalent Production-First-In, First-Out Methodp. 299
Illustrative Problem No. 1, Illustrative Problem No. 2
Joint Products and By-Productsp. 309
Accounting for Joint Products, Accounting for By-Products
The Master Budget and Flexible Budgetingp. 337
Principles of Budgetingp. 338
Preparing the Master Budgetp. 338
Sales Budget, Production Budget, Direct Materials Budget, Direct Labor Budget, Factory Overhead Budget, Cost of Goods Sold Budget, Selling and Administrative Expenses Budget, Budgeted Income Statement, Other Budgets, Evaluating Budget Performance
Flexible Budgetingp. 350
Preparing the Flexible Budget, Preparing a Performance Report Based on Flexible Budgeting
Preparing the Flexible Budget for Factory Overheadp. 355
Using the Flexible Budget, Semifixed and Semivariable Costs, Service Department Budgets and Variances, Summary of the Budgeting Process
Standard Cost Accounting-Materials, Labor, and Factory Overheadp. 379
Types of Standardsp. 381
Standard Cost Proceduresp. 381
Determination of Standard Costs for Materials and Labor, Recording Standard Costs for Materials and Labor
Determination of Variancesp. 384
Alternative Method of Recording Materials Cost
Accounting for Variancesp. 389
Alternative Method of Recording Materials Cost, Disposition of Standard Cost Variances
Interpreting Variancesp. 392
Features of Standard Cost Accountingp. 397
Illustration of Standard Cost in a Departmentalized Factoryp. 398
Analysis of Factory Overhead Standard Cost Variancesp. 405
Two-Variance Method of Analysisp. 406
Four-Variance and Three-Variance Methods of Analysisp. 412
Four-Variance Method of Analysisp. 412
Three-Variance Method of Analysisp. 414
Cost Accounting for Service Businesses and the Balanced Scorecardp. 447
Job Order Costing for Service Businessesp. 448
Job Cost Sheet for a Service Business, Choosing the Cost Allocation Base, Tracing Direct Costs to the Job, Cost Performance Report
Budgeting for Service Businessesp. 451
The Revenue Budget, The Labor Budget, The Overhead Budget, The Other Direct Expenses Budget, The Budgeted Income Statement
Activity-Based Costing in a Service Firmp. 455
Converting Indirect Costs to Direct Costs, Multiple Indirect Cost Pools, Job Cost Sheet-Activity-Based Costing
Allocations Using Simplified Costing Versus Activity-Based Costingp. 459
The Balanced Scorecardp. 463
The Four Categories of a Balanced Scorecard, Guidelines for a Good Balanced Scorecard,
The Balanced Scorecard Illustrated
Cost Analysis for Management Decision Makingp. 481
Variable Costing and Absorption Costingp. 482
Product Costs Versus Period Costs, Illustration of Variable and Absorption Costing Methods
Merits and Limitations of Variable Costingp. 486
Segment Reporting for Profitability Analysisp. 488
Cost-Volume-Profit Analysisp. 491
Break-even Analysis, Break-even Chart, Break-even Analysis for Management Decisions,
Effect of Sales Mix on Break-even Analysis
Contribution Margin Ratio and Margin of Safetyp. 499
Effect of Income Tax on Break-even Point and Net Incomep. 501
Differential Analysisp. 502
Accept or Reject a Special Order, Make or Buy
Distribution Costsp. 505
Glossaryp. 531
Indexp. 543
Table of Contents provided by Ingram. All Rights Reserved.

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