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Principles Of Cost Accounting

by: Vanderbeck, Edward J.

Principles Of Cost Accounting

by: Vanderbeck, Edward J.

ISBN 13:
9780840037039
ISBN 10:
0840037031
Edition: 15th
Format: Hardcover
Copyright: 10/29/2009
Publisher: CENGAGE Learning
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Summary

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

Introduction to Cost Accounting	p. 1
Uses of Cost Accounting Information	p. 4
Determining Product Costs and Pricing, Planning and Control
Professional Ethics, CMA Certification, and Corporate Governance	p. 9
Relationship of Cost Accounting to Financial and Management Accounting	p. 10
Costs of Goods Sold, Inventories
Elements of Manufacturing Costs	p. 15
Direct Materials, Direct Labor, Factory Overhead, Summary of Manufacturing Costs, Flow of Costs
Illustration of Accounting for Manufacturing Costs	p. 18
Cost Accounting Systems	p. 27
Special Order, Continuous or Mass Production, Combination of Systems, Standard Costing
Illustration of a Job Order Cost System	p. 30
Work in Process in the Manufacturing Statement
IMA Statement of Ethical Professional Practice	p. 36
Principles, Standards, Resolution of Ethical Conflict
Accounting for Materials	p. 63
Materials Control	p. 64
Physical Control of Materials, Controlling the Investment in Materials
Materials Control Procedures	p. 70
Materials Control Personnel, Control during Procurement, Control during Storage and Issuance
Accounting for Materials	p. 79
Determining the Cost of Materials Issued, Accounting Procedures
Just-in-Time Materials Control	p. 91
JIT and Cost Control, JIT and Cost Flows
Scrap, Spoiled Goods, and Defective Work	p. 97
Scrap Materials, Spoiled and Defective Work
Accounting for Labor	p. 123
Wage Plans	p. 125
Hourly Rate Plan, Piece-Rate Plan, Modified Wage Plans
Controlling Labor Cost	p. 128
Labor Time Records, Payroll Function
Accounting for Labor Costs and Employers' Payroll Taxes	p. 132
Employers' Payroll Taxes, Illustration of Accounting for Labor Costs
Payroll Accrual	p. 141
Special Labor Cost Problems	p. 144
Shift Premium, Employee Pension Costs, Bonuses, Vacation and Holiday Pay, Accounting for Bonuses, Vacations, and Holiday Pay
Accounting for Factory Overhead	p. 169
Identifying Cost Behavior Patterns	p. 170
Analyzing Semivariable Factory Overhead Costs	p. 172
Observation Method, High-Low Method, Scattergraph Method, Limitations of High-Low and Statistical Scattergraph Methods, Least-Squares Regression Method
Budgeting Factory Overhead Costs	p. 179
Accounting for Actual Factory Overhead	p. 180
Factory Overhead Analysis Spreadsheets, Schedule of Fixed Costs, General Factory Overhead Expenses, Summary of Factory Overhead
Distributing Service Department Expenses	p. 185
Applying Factory Overhead to Production	p. 192
Direct Labor Cost Method, Direct Labor Hour Method, Machine Hour Method, Activity-based Costing Method
Accounting for Actual and Applied Factory Overhead	p. 198
Process Cost Accounting-General Procedures	p. 237
Comparison of Basic Cost Systems	p. 238
Materials and Labor Costs, Factory Overhead Costs
Product Cost in a Process Cost System	p. 239
Nondepartmentalized Factory, Departmentalized Factory
Work in Process Inventories	p. 240
Cost of Production Summary-One Department, No Beginning Inventory	p. 244
Cost of Production Summary-One Department, Beginning Inventory	p. 247
Cost of Production Summary-Multiple Departments, No Beginning Inventory	p. 250
Cost of Production Summary-Multiple Departments, Beginning Inventory	p. 259
Changes in Prior Department's Unit Transfer Costs	p. 266
Process Cost Accounting-Additional Procedures; Accounting for Joint Products and By-Products	p. 287
Equivalent Production-Materials Not Uniformly Applied	p. 288
Illustrative Problem No. 1, Illustrative Problem No. 2, Illustrative Problem No. 3
Units Lost in Production	p. 296
Units Gained in Production	p. 298
Equivalent Production-First-In, First-Out Method	p. 299
Illustrative Problem No. 1, Illustrative Problem No. 2
Joint Products and By-Products	p. 309
Accounting for Joint Products, Accounting for By-Products
The Master Budget and Flexible Budgeting	p. 337
Principles of Budgeting	p. 338
Preparing the Master Budget	p. 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 Budgeting	p. 350
Preparing the Flexible Budget, Preparing a Performance Report Based on Flexible Budgeting
Preparing the Flexible Budget for Factory Overhead	p. 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 Overhead	p. 379
Types of Standards	p. 381
Standard Cost Procedures	p. 381
Determination of Standard Costs for Materials and Labor, Recording Standard Costs for Materials and Labor
Determination of Variances	p. 384
Alternative Method of Recording Materials Cost
Accounting for Variances	p. 389
Alternative Method of Recording Materials Cost, Disposition of Standard Cost Variances
Interpreting Variances	p. 392
Features of Standard Cost Accounting	p. 397
Illustration of Standard Cost in a Departmentalized Factory	p. 398
Analysis of Factory Overhead Standard Cost Variances	p. 405
Two-Variance Method of Analysis	p. 406
Four-Variance and Three-Variance Methods of Analysis	p. 412
Four-Variance Method of Analysis	p. 412
Three-Variance Method of Analysis	p. 414
Cost Accounting for Service Businesses and the Balanced Scorecard	p. 447
Job Order Costing for Service Businesses	p. 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 Businesses	p. 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 Firm	p. 455
Converting Indirect Costs to Direct Costs, Multiple Indirect Cost Pools, Job Cost Sheet-Activity-Based Costing
Allocations Using Simplified Costing Versus Activity-Based Costing	p. 459
The Balanced Scorecard	p. 463
The Four Categories of a Balanced Scorecard, Guidelines for a Good Balanced Scorecard,
The Balanced Scorecard Illustrated
Cost Analysis for Management Decision Making	p. 481
Variable Costing and Absorption Costing	p. 482
Product Costs Versus Period Costs, Illustration of Variable and Absorption Costing Methods
Merits and Limitations of Variable Costing	p. 486
Segment Reporting for Profitability Analysis	p. 488
Cost-Volume-Profit Analysis	p. 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 Safety	p. 499
Effect of Income Tax on Break-even Point and Net Income	p. 501
Differential Analysis	p. 502
Accept or Reject a Special Order, Make or Buy
Distribution Costs	p. 505
Glossary	p. 531
Index	p. 543
Table of Contents provided by Ingram. All Rights Reserved.

Amazon no longer offers textbook rentals. We do!

Principles Of Cost Accounting

Principles Of Cost Accounting

9780840037039

0840037031

Summary

Table of Contents

Supplemental Materials

Write a Review

Amazon no longer offers textbook rentals. We do!

Principles Of Cost Accounting

Principles Of Cost Accounting

9780840037039

0840037031

Summary

Table of Contents

Supplemental Materials

Write a Review

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