Managerial Accounting by G. Norren Chap004
Chap 002
Lecture 14. Chapter Overview Types of Costing Systems Used to Determine Product Costs – Job-Order Costing – Process Costing Sequence of Events in a Job-Order.
Chapter 17 Process Cost Systems Financial and Managerial Accounting 8th Edition Warren Reeve Fess PowerPoint Presentation by Douglas Cloud Professor Emeritus.
Chapter 19 Process Cost Systems Accounting, 21 st Edition Warren Reeve Fess PowerPoint Presentation by Douglas Cloud Professor Emeritus of Accounting Pepperdine.
Chapter 2. Basic Cost Terminology Cost – resource sacrificed to achieve a specific objective Actual cost – a cost that has occurred Budgeted cost – a.
Planning and Control Cycle Decision Making Formulating long-and short-term plans (Planning) Measuring performance (Controlling) Implementing plans (Directing.
Cost Classification and Cost Behavior EMBA 5403 Fall 2010 Mugan.
Classifying Costs (a) By Element Material Labour Expense By Traceability Direct Indirect.
Costing Systems EMBA 5403 Fall 2010. Mugan2/37 Available costing systems Absorption costing Actual Costing Normal Costing Standard Costing Variable.
Cost Terminology and Concepts. Basic Cost Terminology Cost – resource sacrificed to achieve a specific objective Actual cost – a cost that has occurred.
Process Cost Systems COACHING CLASSES FOR PROFESSIONAL STUDENTS COACHING CLASSES FOR PROFESSIONAL STUDENTS.
