Principles of Cost Accounting

by Vanderbeck, Edward J.

• ISBN13: 9780324374179
• ISBN10: 0324374178
• Edition: 14th
• Format: Hardcover
• Copyright: 2007-03-15
• Publisher: Thomson South-Western

Summary

Discover how readable, real, and relevant cost accounting can be with PRINCIPLES OF COST ACCOUNTING, 14E. This edition packs the essentials you need to know for your future in a unique 10-chapter format that's well organized, practical, and concise. You gain a thorough understanding of cost concepts, cost behavior, and cost accounting techniques as they apply to manufacturing and service businesses. To ensure your understanding, the book introduces concepts in small, manageable sections that are immediately reinforced with proven questions, demonstration problems, practice exercises, and self-study quizzes. You master the fundamentals of job order costing and process costing before progressing to more advanced topics, such as budgeting, standard costing and variance analysis, costing for service businesses, and cost analysis for management decisions. Focus on the skills that will take you far in today's competitive job market as you learn how to accurately determine the costs of products and services and how to set effective selling prices. Learn the techniques to accurately measure the performance of managers within an organization and use accounting to motivate managers toward an organization's goals. Find the relevant approach you need with the real cost accounting skills that will take you far in business today with PRINCIPLES OF COST ACCOUNTING, 14E.

Table of Contents

Introduction to Cost Accounting

Accounting for Materials

Accounting for Labor

Accounting for Factory Overhead

Process Cost Accounting ?

General Procedures

Process Cost Accounting ?

Additional Procedures: Accounting for Joint Products and By-Products

The Master Budget

Standard Cost Accounting ?

Materials, Labor and Factory Overhead

Cost Accounting for Service Businesses

Cost Analysis for Management Decisions

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