Cost Accounting For Dummies
Learn to:
- Master important cost accounting concepts
- Apply your skills with real-world examples
- Score your highest in a cost accounting course
Get a grip on cost accounting? Easy.
Cost Accounting For Dummies tracks to a typical cost accounting course and provides in-depth explanations and reviews of the essential concepts you'll encounter in your studies: how to define costs as direct materials, direct labor, fixed overhead, variable overhead, or period costs; how to use allocation methodology to assign costs to products and services; how to evaluate the need for capital expenditures; how to design a budget model that forecasts changes in costs based on expected activity levels; and more.
- Cost Accounting 101 — find out how cost accounting relates to other areas of accounting, which types of costs are most important, and step-by-step explanations on cost-volume-profit and activity-based costing
- Plan for it — take a stroll through the budgeting process, analyze the differences between your budget and actual results using variances, and get the lowdown on overhead costs
- Make good decisions — get the scoop on cost drivers — and how they determine product price — to make good decisions in running a business
- Take action — discover how to allocate costs, analyze business profitability, use shared resources, and more
Open the book and find:
- Cost accounting terms and their purposes
- How to use cost-volume-profit analysis
- The hows and whats of activity-based costing
- Why budgeting is important
- The concept of relevance in cost accounting
- Considerations for process costing
- How to search for measures of quality