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Horngren's Cost Accounting, EBook, Global Edition.

Horngren's Cost Accounting, eBook, Global Edition.

Bibliographic Details
Main Author: Datar, Srikant M.
Format: eBook
Language:English
Published: Harlow, United Kingdom : Pearson Education, Limited, 2020.
Subjects:
Cost accounting.
Electronic books.
Online Access:View fulltext via EzAccess
Table of Contents:
  • Cover
  • Title Page
  • Copyright
  • Brief Contents
  • Contents
  • About the Authors
  • Preface
  • 1. The Manager and Management Accounting
  • For Coca-Cola, Smaller Sizes Mean Bigger Profits
  • Financial Accounting, Management Accounting, and Cost Accounting
  • Strategic Decisions and the Management Accountant
  • Value-Chain and Supply-Chain Analysis and Key Success Factors
  • Value-Chain Analysis
  • Supply-Chain Analysis
  • Key Success Factors
  • Concepts in Action: Cost Leadership at Costco: Rock-Bottom Prices and Sky-High Profits
  • Decision Making, Planning, and Control: The Five-Step Decision-Making Process
  • Key Management Accounting Guidelines
  • Cost-Benefit Approach
  • Behavioral and Technical Considerations
  • Different Costs for Different Purposes
  • Organization Structure and the Management Accountant
  • Line and Staff Relationships
  • The Chief Financial Officer and the Controller
  • Management Accounting Beyond the Numbers
  • Professional Ethics
  • Institutional Support
  • Typical Ethical Challenges
  • Problem for Self-Study
  • Decision Points
  • Terms to Learn
  • Assignment Material
  • Questions
  • Multiple-Choice Questions
  • Exercises
  • Problems
  • 2. An Introduction to Cost Terms and Purposes
  • High Fixed Costs Bankrupt Aéropostale
  • Costs and Cost Terminology
  • Direct Costs and Indirect Costs
  • Cost Allocation Challenges
  • Factors Affecting Direct/Indirect Cost Classifications
  • Cost-Behavior Patterns: Variable Costs and Fixed Costs
  • Concepts in Action: Lyft Helps Hospitals Reduce Their Fixed Transportation Costs
  • Cost Drivers
  • Relevant Range
  • Relationships Between Types of Costs
  • Total Costs and Unit Costs
  • Unit Costs
  • Use Unit Costs Cautiously
  • Business Sectors, Types of Inventory, Inventoriable Costs, and Period Costs
  • Manufacturing-, Merchandising-, and Service-Sector Companies.
  • Types of Inventory
  • Commonly Used Classifications of Manufacturing Costs
  • Inventoriable Costs
  • Period Costs
  • Illustrating the Flow of Inventoriable Costs and Period Costs
  • Manufacturing-Sector Example
  • Recap of Inventoriable Costs and Period Costs
  • Prime Costs and Conversion Costs
  • Measuring Costs Requires Judgment
  • Labor Costs
  • Benefits of Defining Accounting Terms
  • Different Meanings of Product Costs
  • A Framework for Cost Accounting and Cost Management
  • Calculating the Cost of Products, Services, and Other Cost Objects
  • Obtaining Information for Planning and Control and Performance Evaluation
  • Analyzing the Relevant Information for Making Decisions
  • Problem for Self-Study
  • Decision Points
  • Terms to Learn
  • Assignment Material
  • Questions
  • Multiple-Choice Questions
  • Exercises
  • Problems
  • 3. Cost-Volume-Profit Analysis
  • How Coachella Tunes Up the Sweet Sound of Profits
  • Essentials of CVP Analysis
  • Contribution Margin
  • Expressing CVP Relationships
  • Cost-Volume-Profit Assumptions
  • Breakeven Point and Target Operating Income
  • Breakeven Point
  • Target Operating Income
  • Income Taxes and Target Net Income
  • Using CVP Analysis for Decision Making
  • Decision to Advertise
  • Decision to Reduce the Selling Price
  • Determining Target Prices
  • Concepts in Action: Can Cost-Volume-Profit Analysis Help Whole Foods Escape the "Whole Paycheck" Trap?
  • Sensitivity Analysis and Margin of Safety
  • Cost Planning and CVP
  • Alternative Fixed-Cost/Variable-Cost Structures
  • Operating Leverage
  • Effects of Sales Mix on Income
  • CVP Analysis in Service and Not-for-Profit Organizations
  • Contribution Margin Versus Gross Margin
  • Problem for Self-Study
  • Decision Points
  • Appendix: Decision Models and Uncertainty
  • Terms to Learn
  • Assignment Material
  • Questions
  • Multiple-Choice Questions.
  • Exercises
  • Problems
  • 4. Job Costing
  • Job Costing and the New Golden State Warriors Arena
  • Building-Block Concepts of Costing Systems
  • Job-Costing and Process-Costing Systems
  • Job Costing: Evaluation and Implementation
  • Time Period Used to Compute Indirect-Cost Rates
  • Normal Costing
  • General Approach to Job Costing Using Normal Costing
  • Concepts in Action: Better Job Costing Through Big Data and Data Analytics
  • The Role of Technology
  • Actual Costing
  • A Normal Job-Costing System in Manufacturing
  • General Ledger
  • Explanations of Transactions
  • Subsidiary Ledgers
  • Materials Records by Type of Material
  • Labor Records by Employee
  • Manufacturing Department Overhead Records by Month
  • Work-in-Process Inventory Records by Jobs
  • Finished Goods Inventory Records by Jobs
  • Other Subsidiary Records
  • Nonmanufacturing Costs and Job Costing
  • Budgeted Indirect Costs and End-of-Accounting-Year Adjustments
  • Underallocated and Overallocated Indirect Costs
  • Adjusted Allocation-Rate Approach
  • Proration Approach
  • Write-Off to Cost of Goods Sold Approach
  • Choosing Among Approaches
  • Variations of Normal Costing: A Service-Sector Example
  • Problem for Self-Study
  • Decision Points
  • Terms to Learn
  • Assignment Material
  • Questions
  • Multiple-Choice Questions
  • Exercises
  • Problems
  • 5. Activity-Based Costing and Activity-Based Management
  • Activity-Based Costing and the True Cost of Data Breaches
  • Broad Averaging and Its Consequences
  • Undercosting and Overcosting
  • Product-Cost Cross-Subsidization
  • Simple Costing System at Plastim Corporation
  • Design, Manufacturing, and Distribution Processes
  • Simple Costing System Using a Single Indirect-Cost Pool
  • Applying the Five-Step Decision-Making Process at Plastim
  • Refining a Costing System.
  • Developments That Have Increased the Demand for Refining Costing Systems
  • Guidelines for Refining a Costing System
  • Activity-Based Costing Systems
  • Plastim's ABC System
  • Cost Hierarchies
  • Implementing Activity-Based Costing
  • Implementing ABC at Plastim
  • Comparing Alternative Costing Systems
  • Considerations in Implementing Activity-Based Costing Systems
  • Benefits and Costs of Activity-Based Costing Systems
  • ABC in Service and Merchandising Companies
  • Behavioral Issues in Implementing Activity-Based Costing Systems
  • Concepts in Action: Mayo Clinic Uses Time-Driven Activity-Based Costing to Reduce Costs and ImproveCare
  • Activity-Based Management
  • Pricing and Product-Mix Decisions
  • Cost Reduction and Process Improvement Decisions
  • Design Decisions
  • Planning and Managing Activities
  • Problem for Self-Study
  • Decision Points
  • Terms to Learn
  • Assignment Material
  • Questions
  • Multiple-Choice Questions
  • Exercises
  • Problems
  • 6. Master Budget and Responsibility Accounting
  • "Scrimping" at the Ritz: Master Budgets
  • Budgets and the Budgeting Cycle
  • Strategic Plans and Operating Plans
  • Budgeting Cycle and Master Budget
  • Advantages and Challenges of Implementing Budgets
  • Promoting Coordination and Communication
  • Providing a Framework for Judging Performance and Facilitating Learning
  • Motivating Managers and Other Employees
  • Challenges in Administering Budgets
  • Developing an Operating Budget
  • Time Coverage of Budgets
  • Steps in Preparing an Operating Budget
  • Financial Planning Models and Sensitivity Analysis
  • Concepts in Action: P.F. Chang's and Internet-Based Budgeting
  • Budgeting and Responsibility Accounting
  • Organization Structure and Responsibility
  • Feedback
  • Responsibility and Controllability
  • Human Aspects of Budgeting
  • Budgetary Slack
  • Stretch Targets
  • Kaizen Budgeting.
  • Budgeting for Reducing Carbon Emissions
  • Budgeting in Multinational Companies
  • Problem for Self-Study
  • Decision Points
  • Appendix: The Cash Budget
  • Terms to Learn
  • Assignment Material
  • Questions
  • Multiple-Choice Questions
  • Exercises
  • Problems
  • 7. Flexible Budgets, Direct-Cost Variances, and Management Control
  • Walmart's Fleet Goes Green to Reduce Standard Costs
  • Static Budgets and Variances
  • The Use of Variances
  • Static Budgets and Static-Budget Variances
  • Flexible Budgets
  • Flexible-Budget Variances and Sales-Volume Variances
  • Sales-Volume Variances
  • Flexible-Budget Variances
  • Standard Costs for Variance Analysis
  • Obtaining Budgeted Input Prices and Budgeted Input Quantities
  • Price Variances and Efficiency Variances for Direct-Cost Inputs
  • Price Variances
  • Efficiency Variance
  • Journal Entries Using Standard Costs
  • Implementing Standard Costing
  • Management's Use of Variances
  • Concepts in Action Can Chipotle Wrap Up Its Materials-Cost Increases?
  • Multiple Causes of Variances
  • When to Investigate Variances
  • Using Variances for Performance Measurement
  • Using Variances for Organization Learning
  • Using Variances for Continuous Improvement
  • Financial and Nonfinancial Performance Measures
  • Benchmarking and Variance Analysis
  • Problem for Self-Study
  • Decision Points
  • Appendix: Mix and Yield Variances for Substitutable Inputs
  • Terms to Learn
  • Assignment Material
  • Questions
  • Multiple-Choice Questions
  • Exercises
  • Problems
  • 8. Flexible Budgets, Overhead Cost Variances, and Management Control
  • Managing Overhead Costs at Wework
  • Planning of Variable and Fixed Overhead Costs
  • Planning Variable Overhead Costs
  • Planning Fixed Overhead Costs
  • Standard Costing at Webb Company
  • Developing Budgeted Variable Overhead Rates
  • Developing Budgeted Fixed Overhead Rates.
  • Variable Overhead Cost Variances.

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