TAILIEUCHUNG - Lecture Managerial accounting: Creating value in a dynamic business environment (10/e): Chapter 10 - Ronald W. Hilton, David E. Platt

Chapter 10, standard costing and analysis of direct costs. After completing this chapter, you should be able to: Describe the elements of a cost control system, describe two ways to set cost standards and distinguish between perfection and practical standards, compute and interpret the direct-material price and quantity variances and the direct-labor rate and efficiency variances,. | Standard Costing and Analysis of Direct Costs Chapter 10 McGraw-Hill/Irwin Copyright © 2014 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. Chapter 10: Standard Costing and Analysis of Direct Costs Managing Costs Standard cost Actual cost Comparison between standard and actual performance level Cost variance 10- A managerial accountant’s budgetary-control system has three parts. First, a predetermined or standard cost is set. In essence, a standard cost is a budget for the production of one unit of product or service. It serves as the benchmark in the budgetary-control system. When the firm produces more than one unit, the managerial accountant uses the standard unit cost to determine the budgeted cost of production or the total standard cost. Second, the managerial accountant measures the actual cost incurred in the production process. Third, the managerial accountant compares the actual .

• Tài chính doanh nghiệp
• Standard costing
• Analysis of direct costs
• Managerial accounting
• Dynamic business environment
• Cost management
• Financial accounting
• Lecture Managerial accounting
• Process costing
• Standard costing systems
• Direct materials
• Process costing system
• Variable costing
• Absorption costing
• Cost accounting
• Cost terminology
• Cost behaviors
• Predetermined overhead rates
• Absorption variable costing
• Job order costing
• Variance analysis
• Activity based costing
• Activity based management
• A global business environment
• Organizational cost flows
• Relevant costing
• Product costs
• Management accounting
• Overhead costing
• Capital expenditure
• Job costing
• Fundamentals of cost accounting
• Cost analysis
• Cost management systems
• Managerial accounting for managers
• Profitability analysis
• Standard costing system
• Financial statement
• Overhead analysis
• Determining cost
• Costing systems
• Divisional performance
• Special topics
• Decision making
• Cost behavior
• Cost estimation
• Cost volume profit analysis
• Pricing decisions
• Budgeting process
• Performance standards
• Performance evaluation tool
• Flexible budgets
• Accounting information
• Managerial decision
• Capital budgeting
• Capital budgeting decisions
• Performance evaluation
• Decentralized organizations
• Performance evaluation revisited
• Balanced scorecard
• Financial statement analysis
• industry analysis
• Statement of cash flows
• Cash flows