January 2013
Intermediate to advanced
544 pages
16h 35m
English
book
Accounting for Managers: Interpreting Accounting Information for Decision-Making, Canadian Edition
by Paul M. Collier, Sandy M. Kizan, Eckhard Schumann
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CHAPTER 11
Accounting Decisions
LEARNING OBJECTIVES
After reading this chapter, you should be able to answer the following questions:
How do I distinguish between various types of costs, including product, period, direct, indirect, prime, conversion, and overhead costs?
What risks are present when arbitrary methods of overhead allocation are used?
How does activity-based costing create more accurate product costs?
What is the difference between absorption and variable costing?
What are two methods of writing off an overallocation or underallocation of overhead?
This chapter explains how accountants classify costs and how they differentiate product and period costs, and direct and indirect costs. The chapter highlights the overhead allocation problem: how to accurately allocate indirect costs to products/services. In doing so, it contrasts traditional with activity-based costing. This chapter also discusses the difference between absorption costing and variable costing methods, and ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.