Standard Costs the Basis of Cost Control
Author | : Ernst & Ernst |
Publisher | : |
Total Pages | : 34 |
Release | : 1926 |
Genre | : Cost |
ISBN | : |
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Author | : Ernst & Ernst |
Publisher | : |
Total Pages | : 34 |
Release | : 1926 |
Genre | : Cost |
ISBN | : |
Author | : Eric A. Camman |
Publisher | : |
Total Pages | : 290 |
Release | : 1932 |
Genre | : Cost accounting |
ISBN | : |
Author | : Wilmer Wright |
Publisher | : |
Total Pages | : 248 |
Release | : 1962 |
Genre | : Cost accounting |
ISBN | : |
Author | : Catherine Stenzel |
Publisher | : John Wiley & Sons |
Total Pages | : 289 |
Release | : 2003-01-24 |
Genre | : Business & Economics |
ISBN | : 0471445096 |
An accessible, practical survey of cost management methods Essentials of Cost Management provides an unbiased survey and explanation of the cost management approaches and methods currently available for immediate application in day-to-day activities. Rather than advocate a particular method, this book assists readers in choosing the best approach or blend of cost management strategies to address specific business problems. The expert authors also discuss cutting-edge topics such as target costing, capacity management, and activity-based costing/management.
Author | : Alexander Berger |
Publisher | : GRIN Verlag |
Total Pages | : 39 |
Release | : 2011-07-12 |
Genre | : Business & Economics |
ISBN | : 3640956281 |
Research Paper (undergraduate) from the year 2011 in the subject Business economics - Accounting and Taxes, grade: 63%, University of Sunderland, course: Management Accounting and Control, language: English, abstract: This report is divided into two parts. The first part will explain how a standard costing system works and how a variance analysis is used properly. Furthermore, the statement “Standard Costing and Variance Analysis are appropriate to any type and size of organisation” will be critically evaluated. The second part determines factors, which must be considered in the decision-making process. In addition, four scenarios of decisions will be provided and analysed. One of the main objectives of an organisation is to minimise the cost of production and to control the costs as they are limited resources within a business (Gupta, 2010). Management accounting literature provides several tools in order to achieve these objectives. In this context, the system for collecting and reporting revenue and cost information by areas of responsibility is called responsibility accounting (Siegel & Shim, 2006). It is based on the assumption that managers should be held responsible for their performance. A well-designed responsibility accounting system integrates responsibility centers within the organisation. In addition, responsibility centers are units within the organization, which have control over costs and revenues (Siegel & Shim, 2006). There are different types of responsibility centers such as profit centers, investment centers, revenue centers and cost centers. In the following report, the focus is on cost centers. Here, a variance analysis based on standard costing is a performance measure of a cost center (Siegel & Shim, 2006). In addition, a standard costing system is a useful tool facilitating decision-making.
Author | : Mitchell Franklin |
Publisher | : |
Total Pages | : 746 |
Release | : 2019-02-14 |
Genre | : |
ISBN | : 9781680922943 |
A less-expensive grayscale paperback version is available. Search for ISBN 9781680922936. Principles of Accounting is designed to meet the scope and sequence requirements of a two-semester accounting course that covers the fundamentals of financial and managerial accounting. This book is specifically designed to appeal to both accounting and non-accounting majors, exposing students to the core concepts of accounting in familiar ways to build a strong foundation that can be applied across business fields. Each chapter opens with a relatable real-life scenario for today's college student. Thoughtfully designed examples are presented throughout each chapter, allowing students to build on emerging accounting knowledge. Concepts are further reinforced through applicable connections to more detailed business processes. Students are immersed in the "why" as well as the "how" aspects of accounting in order to reinforce concepts and promote comprehension over rote memorization.
Author | : Clinton W. Bennett |
Publisher | : |
Total Pages | : 554 |
Release | : 1962 |
Genre | : Costs, Industrial |
ISBN | : |
Author | : Daniel Traster |
Publisher | : Pearson Higher Ed |
Total Pages | : 284 |
Release | : 2012-03-14 |
Genre | : Business & Economics |
ISBN | : 0133073394 |
This is the eBook of the printed book and may not include any media, website access codes, or print supplements that may come packaged with the bound book. Cost Control: A Fundamental Approach will inspire you to learn cost control as an essential skill for any future chef or foodservice manager. The text begins by helping you master key culinary math basics, making subsequent cost control equations easier to understand and compute. Balancing real-world industry challenges with cost control theory, the text covers topics such as recipe costing and sales price determination, purchasing and storeroom control, labor control, revenue management, and income statements and budgeting. Throughout the text, author Daniel Traster encourages you to think critically about the material, promoting a deeper understanding of cost control.
Author | : Richard Lee Brummet |
Publisher | : |
Total Pages | : 196 |
Release | : 1979 |
Genre | : Cost accounting |
ISBN | : |
Author | : National Association of Accountants |
Publisher | : |
Total Pages | : 104 |
Release | : 1952 |
Genre | : Costs, Industrial |
ISBN | : |