Cost Accounting For Dummies
Learn to:Master important cost accounting conceptsApply your skills with real-world examplesScore your highest in a cost accounting courseGet a grip on cost accounting? Easy.Cost Accounting For Dummiestracks to a typical cost accounting course and provides in-depth explanations and reviews of the essential concepts you'll encounter in your studies: how to define costs as direct materials, direct labor, fixed overhead, variable overhead, or period costs; how to use allocation methodology to assign costs to products and services; how to evaluate the need for capital expenditures; how to design a budget model that forecasts changes in costs based on expected activity levels; and more.Cost Accounting 101 — find out how cost accounting relates to other areas of accounting, which types of costs are most important, and step-by-step explanations on cost-volume-profit and activity-based costingPlan for it — take a stroll through the budgeting process, analyze the differences between your budget and actual results using variances, and get the lowdown on overhead costsMake good decisions — get the scoop on cost drivers — and how they determine product price — to make good decisions in running a businessTake action — discover how to allocate costs, analyze business profitability, use shared resources, and moreOpen the book and find:Cost accounting terms and their purposesHow to use cost-volume-profit analysisThe hows and whats of activity-based costingWhy budgeting is importantThe concept of relevance in cost accountingConsiderations for process costingHow to search for measures of quality