TAILIEUCHUNG - Lecture Managerial Accounting for the hospitality industry: Chapter 9 - Dopson, Hayes

Chapter 9 - Managerial accounting for costs. This chapter will teach you how to recognize the different types or categories of costs that managerial accountants consider when they analyze the total costs incurred by a hospitality business. The most important of these various types include fixed, variable, step, mixed, direct, indirect, controllable, and non-controllable costs. | Chapter 9 Managerial Accounting for Costs The Concept of Cost Types of Costs Cost/Volume/Profit Analysis Chapter Outline Learning Outcomes Identify the concept of a business cost. Differentiate between the different types of business costs. Perform (when costs are known) a cost/volume/profit analysis. The Concept of Cost Given all the possible approaches to examining costs, perhaps the easiest way to understand them is to consider their impact on a businesses’ profit. At any specific level of revenue, the lower a business’s costs, the greater are its profits. There are a variety of useful ways in which hospitality managers and managerial accountants can view costs and thus can better understand and operate their own businesses. Types of Costs Useful ways to classify business costs are: Fixed and variable costs Mixed costs Step costs Direct and indirect (overhead) costs Controllable and non-controllable costs Joint costs Incremental costs Standard costs Sunk costs .

• Kế toán - Kiểm toán
• Hospitality industry
• Managerial accounting
• Accounting fundamentals
• Financial statements
• Management of revenue
• Managerial accounting for costs
• Hospitality law
• The hospitality industry
• Hospitality managers
• Hospitality business structures
• Significant hospitality contracts
• Legally managing property
• Prevention philosophy
• Legal responsibilities
• Legally selecting employees
• Management in the hospitality industry
• Food service
• Service industry
• Hospitality careers
• Hospitality management