TAILIEUCHUNG - Lecture Accounting: What the numbers mean (10/e): Chapter 13 - Marshall, McManus, Viele

Chapter 13 - Cost accounting and reporting. After reading this chapter, you should be able to answer the following questions: What is the role of cost accounting as it relates to financial and managerial accounting? How does cost management play a strategic role in the organization’s value chain? What is the difference between direct and indirect costs, and how do they relate to a product or activity?. | © 2008 The McGraw-Hill Companies, Inc., All Rights Reserved. Accounting: What The Numbers Mean Tenth Edition Marshall, McManus, and Viele Chapter 13 Cost Accounting and Reporting PowerPoint Authors: Susan Coomer Galbreath, ., CPA Charles W. Caldwell, ., CMA Jon A. Booker, ., CPA, CIA Cynthia J. Rooney, ., CPA Chapter 13: Cost Accounting and Reporting Direct costs Can be easily and conveniently traced to a unit of product or other cost objective. Would not be incurred if the product or activity was discontinued. Indirect costs Cannot be easily and conveniently traced to a unit of product or other cost object. Would be incurred even if the product or activity was discontinued. LO 3 Direct Costs and Indirect Costs 13- Learning Objective 3: Contrast direct and indirect costs and illustrate how they relate to a product or activity. Direct costs can be easily and conveniently traced to a unit of product or other cost objective. Direct costs would not be incurred if the product or activity was discontinued. Indirect costs cannot be easily and conveniently traced to a unit of product or other cost object. Indirect costs would be incurred even if the product or activity was discontinued. LO 4 Costs for Cost Accounting Purposes 13- A merchandiser purchases products that are recorded on the balance sheet in inventory until sold to customers. A manufacturer purchases raw material ingredients and adds human effort and machine support. The finished products are recorded on the balance sheet until sold to customers. The Product Raw Materials Direct Labor Manufacturing Overhead LO 4 Product Costs 13- Product costs include raw materials, direct labor, and manufacturing overhead. Cost of Goods Sold Direct Labor Balance Sheet Costs Inventories Income Statement Expenses Selling and Administrative Period Costs Material Purchases Manufacturing Overhead Selling and Administrative LO 4 Product Costs and Period Costs 13- Costs included in inventory are .

• Kế toán - Kiểm toán
• Lecture Accounting
• Financial accounting
• Managerial accounting
• Accounting information
• Cost accounting
• Cost management
• Lecture Financial accounting
• Management accounting
• Accounting standards
• Accounting equation
• Intermediate accounting
• Lecture Intermediate accounting
• Accounting process
• Accounting processing cycle
• Accounting principles
• Fundamental accounting principles
• Lecture Fundamental accounting principles
• Merchandising operations
• Lecture Accounting 1
• Accounting for main transactions
• Accounting for purchases
• Accounting for sales
• Accounting for expenses
• Principle of accounting
• Lecture Principle of accounting
• The basic accounting equation
• Transaction analysis in accounting equation
• Calculate the accounting equation
• Lecture Advanced financial accounting
• Bài giảng Kế toán tài chính nâng cao
• Advanced financial accounting
• Accounting policies
• Accounting estimate
• Retrospective application
• Changes in accounting estimates
• Retrospective restatements
• Accounting assumptions
• Lecture Management accounting
• Bài giảng Kế toán quản trị
• Nature of management accounting
• Component of accounting system
• Financial system
• Lecture Accounting and financial system
• Ledger accounting
• Trial balance
• Completing the accounting cycle
• Accounting cycle
• Accounting worksheet
• Classified balance sheet
• Accounting changes
• Error corrections
• Accounting choices
• Accounting for business
• Lecture Accounting for business
• Accounting entity
• Classification of assets
• Accounting equation transactions