TAILIEUCHUNG - Lecture Managerial accounting (11E) - Chapter 2: Measuring product costs

This chapter shows how the accounting system records and reports the flow of costs in organizations to answer questions such as these: To determine product/service cost, to compare cost with management’s expectations. | Measuring Product Costs CHAPTER 2 Managerial Accounting 11E Maher/Stickney/Weil © 2012 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use. PowerPoint Presentation by LuAnn Bean Professor of Accounting Florida Institute of Technology Chapter 2: Measuring Product Costs CHAPTER GOAL This chapter shows how the accounting system records and reports the flow of costs in organizations to answer questions such as these: To determine product/service cost To compare cost with management’s expectations ☼ ☼ This chapter shows how the accounting system records and reports the flow of costs in organizations. Companies need to know how to determine product or service costs and to compare costs with management’s expectations. DIRECT MATERIALS: Definition Can be easily traced directly to a .

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