Controller's Guide to Costing is a comprehensive source for all issues related to cost accounting, detailing aspects of creating costing systems, how cost accounting systems work, interpreting the results, and how the resulting information can be used, including:
- Provides an overview of various costing methodologies.
- Written in easy to understand language—from one controller to another.
- Includes information on application, implementation, reporting, problems that can arise, and example case studies.
Preface. About the Author.
1 Job Costing.
Nature of Job Costing.
Advantages and Disadvantages of Job Costing.
Job Costing Data Flow.
Control Point Issues.
2 Process Costing.
Nature of Process Costing.
Process Costing Data Flow, Weighted Average Method.
Process Costing Data Flow, Standard Costing Method.
Process Costing Data Flow, the FIFO Method.
Advantages and Disadvantages of Process Costing.
3 Direct Costing.
Definition of Direct Costing.
Uses of Direct Costing.
Problems with Direct Costing.
Using Direct Costing for Cost Control.
Impact of Direct Costing on Reported Financial Results.
Impact of Direct Costing on Inventory Valuation.
Case Study.
4 Standard Costing.
Purpose of Standard Costs.
Problems with Standard Costs.
Formulation of Standard Costs.
Standard Costs for Pricing.
Standard ló
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