TAILIEUCHUNG - Lecture Fundamentals of cost accounting (4th edition): Chapter 5 - Lanen, Anderson, Maher

(BQ) Chapter 5: Cost estimation. When managers make decisions they need to compare the costs (and benefits) among alternative actions. In this chapter, we discuss how to estimate the costs required for decision making. | © 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 Estimation Chapter 5 Chapter 5: Cost Estimation When managers make decisions they need to compare the costs (and benefits) among alternative actions. In this chapter, we discuss how to estimate the costs required for decision making. Learning Objectives LO 5-1 Understand the reasons for estimating fixed and variable costs. LO 5-2 Estimate costs using engineering estimates. LO 5-3 Estimate costs using account analysis. LO 5-4 Estimate costs using statistical analysis. LO 5-5 Interpret the results of regression output. LO 5-6 Identify potential problems with regression data. LO 5-7 Evaluate the advantages and disadvantages of alternative cost estimation methods. LO 5-8 (Appendix A) Use Microsoft Excel to perform a regression analysis. LO 5-9 (Appendix B) Understand the mathematical relationship describing the learning phenomenon. After completing Chapter 5 you should: Understand the reasons for estimating fixed and variable costs and be able to estimate costs using engineering estimates, account analysis and statistical analysis. You should be able to interpret the results of regression output and identify potential problems with regression data. You should also be able to evaluate the advantages and disadvantages of alternative cost estimation methods. After completing the Appendix you should be able to use Microsoft Excel to perform analysis. Why Estimate Costs? Managers make decisions and need to compare costs and benefits among alternative actions. Cost estimates can be an important element In helping managers make decisions. You saw in Chapters 3 and 4 that good decisions require good information about costs. Cost .

• Kế toán - Kiểm toán
• Cost accounting
• Fundamentals of cost accounting
• Cost analysis
• Cost management systems
• Management control systems
• Cost estimation
• Decision making
• Cost concepts and behavior
• Cost volume profit analysis
• 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 costing
• Service department