Cost Accounting For Dummies

Overview

The easy way to get a grip on cost accounting

Critical in supporting strategic business decisions and improving profitability, cost accounting is arguably one of the most important functions in the accounting field. For business students, cost accounting is a required course for those seeking an accounting degree and is a popular elective among other business majors.

Cost Accounting For Dummies tracks to a typical cost accounting course and ...

See more details below
Paperback
$19.51
BN.com price
(Save 27%)$26.99 List Price

Pick Up In Store

Reserve and pick up in 60 minutes at your local store

Other sellers (Paperback)
  • All (16) from $8.26   
  • New (12) from $8.26   
  • Used (4) from $9.99   

Overview

The easy way to get a grip on cost accounting

Critical in supporting strategic business decisions and improving profitability, cost accounting is arguably one of the most important functions in the accounting field. For business students, cost accounting is a required course for those seeking an accounting degree and is a popular elective among other business majors.

Cost Accounting For Dummies tracks 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 forecast changes in costs based on expected activity levels; and much more.

  • Tracks to a typical cost accounting course
  • Includes practical, real-world examples
  • Walks you though homework problems with detailed, easy-to-understand answers

If you're currently enrolled in a cost accounting course, this hands-on, friendly guide gives you everything you need to master this critical aspect of accounting.

Read More Show Less

Product Details

  • ISBN-13: 9781118453803
  • Publisher: Wiley
  • Publication date: 3/4/2013
  • Series: For Dummies Series
  • Edition number: 1
  • Pages: 408
  • Sales rank: 189,249
  • Product dimensions: 7.30 (w) x 9.10 (h) x 0.90 (d)

Meet the Author

Ken Boyd is a former CPA with over 27 years of experience in accounting, education, and financial services. Ken is the owner of St. Louis Test Preparation (www.stltest.net). He provides online tutoring in accounting and finance to both undergraduate and graduate students.

Read More Show Less

Table of Contents

Introduction 1

Part I: Understanding the Fundamentals of Costs 7

Chapter 1: So You Want to Know about Cost Accounting 9

Chapter 2: Brushing Up on Cost Accounting Basics 19

Chapter 3: Using Cost-Volume-Profi t Analysis to Plan Your Business Results 31

Chapter 4: Estimating Costs with Job Costing 47

Chapter 5: More Activity, More Cost: Activity-Based Costing 65

Part II: Planning and Control 81

Chapter 6: What’s the Plan, Stan? Budgeting for a Better Bottom Line 83

Chapter 7: Constant Change: Variance Analysis 103

Chapter 8: Focusing on Overhead Costs125

Chapter 9: What’s on the Shelf? Inventory Costing 139

Part III: Making Decisions 159

Chapter 10: Cost Drivers and Cost Estimation Methods 161

Chapter 11: Making Smart Business Decisions with Relevant Information 173

Chapter 12: Making Smart Pricing Decisions: Figuring Total Costs 193

Part IV: Allocating Costs and Resources 211

Chapter 13: Analysis Methods to Improve Profitability 213

Chapter 14: Behind the Scenes: Accounting for Support Costs and Common Costs 231

Chapter 15: Joint Costs, Separable Costs, and Using Up the Leftovers 255

Chapter 16: Tracing Similar Products with Process Costing 271

Part V: Considering Quality Issues 293

Chapter 17: What a Waste! Getting the Most from Spoilage, Scrap, and Reworked Products 295

Chapter 18: Making Smart Ordering Decisions 317

Chapter 19: Quality: Building a Better Mousetrap 337

Part VI: The Part of Tens 355

Chapter 20: Ten Common Costing Mistakes and How to Avoid Them 357

Chapter 21: Ten Ways to Increase Profits Using Costing 363

Index 367

Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star

(0)

4 Star

(0)

3 Star

(0)

2 Star

(0)

1 Star

(0)

Your Rating:

Your Name: Create a Pen Name or

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

 
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)