TAILIEUCHUNG - Lecture Fundamentals of cost accounting (4th edition): Chapter 6 - Lanen, Anderson, Maher

(BQ) Chapter 6: Fundamentals of product and service costing. This chapter provides an overview of alternative cost systems for product and service costing. Details and extensions to the basic models described here are presented in the following three chapters. | © 2014 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part. Fundamentals of Cost Accounting, 4th edition Lanen/Anderson/Maher Fundamentals of Product and Service Costing Chapter 6 Chapter 6: Fundamentals of Product and Service Costing This chapter provides an overview of alternative cost systems for product and service costing. Details and extensions to the basic models described here are presented in the following three chapters. Learning Objectives LO 6-1 Explain the fundamental themes underlying the design of cost systems. LO 6-2 Explain how cost allocation is used in a cost management system. LO 6-3 Explain how a basic product costing system works. LO 6-4 Understand how overhead cost is allocated to products. LO 6-5 Explain the operation of a two-stage allocation system for product costing. LO 6-6 Describe the three basic types of product costing systems: job order, process, and operations. After studying this chapter, you should be able to: 1. Explain the fundamental themes underlying the design of cost systems. 2. Explain how cost allocation is used in a cost management system. 3. Explain how a basic product costing system works. 4. Understand how overhead cost is allocated to products. 5. Explain the operation of a two-stage allocation system for product costing. And, 6. Describe the three basic types of product costing systems: job order, process and operations. Cost Management System Keys to a good cost management system: Oriented to the needs of the decision makers Designed so that benefits exceed costs A good cost management system is oriented to the needs of the decision makers and designed so that benefits exceed costs. Cost Management Systems LO 6-1 Explain the fundamental themes underlying the design of cost systems. The objective of .

• Kế toán - Kiểm toán
• Cost accounting
• Fundamentals of cost accounting
• Cost analysis
• Cost management systems
• Management control systems
• Service costing
• Decision making
• Cost concepts and behavior
• Cost volume profit analysis
• Cost estimation
• Fundamentals of product
• Ebook Management and cost accounting
• Management and cost accounting
• Management accounting
• Cost assignment
• Process costing
• Value chain
• Costs for decision making
• Cost versus expenses
• Cost management
• Principles of cost accounting
• Accounting for materials
• Accounting for labor
• Factory overhead
• Process cost accounting
• Accounting income
• Divisional income
• Ebook Cost accounting
• Organizational cost flows
• Activity based cost systems for management
• Job order costing
• Joint cost allocation
• Service department