TAILIEUCHUNG - Lecture Fundamentals of cost accounting (4th edition): Chapter 2 - Lanen, Anderson, Maher

(BQ) Chapter 2: Cost concepts and behavior. Chapter 2 covers cost concepts and behavior. You want to be certain that you have a thorough understanding of these concepts before going forward. Understanding of the concepts in Chapter 2 is critical for success in this course. | © 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 Cost Concepts and Behavior Chapter 2 Chapter 2: Cost Concepts and Behavior Chapter 2 covers cost concepts and behavior. You want to be certain that you have a thorough understanding of these concepts before going forward. Understanding of the concepts in Chapter 2 is critical for success in this course. Learning Objectives LO 2-1 Explain the basic concept of “cost.” LO 2-2 Explain how costs are presented in financial statements. LO 2-3 Explain the process of cost allocation. LO 2-4 Understand how material, labor, and overhead costs are added to a product at each stage of the production process. LO 2-5 Define basic cost behaviors, including fixed, variable, semivariable, and step costs. LO 2-6 Identify the components of a product’s costs. LO 2-7 Understand the distinction between financial and contribution margin income statements. Each objective covers critical information for success in a cost accounting course. Successful understanding of the seven learning objectives will provide a solid foundation for you to build on the rest of the semester. First, you must be able to explain the basic concept of “cost.” Second, explain how costs are presented in financial statements. Third, explain the process of cost allocation. Fourth, understand how material, labor, and overhead costs are added to a product at each stage of the production process. Fifth, define basic cost behaviors including fixed, variable, semivariable, and step costs. Sixth, identify the components of a product’s costs. And finally, understand the distinction between financial and contribution margin income statements. What is a Cost? Cost is a sacrifice of .

• Kế toán - Kiểm toán
• Cost accounting
• Fundamentals of cost accounting
• Cost analysis
• Cost management systems
• Management control systems
• Cost versus expenses
• 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 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 costing
• Service department