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| Preface | |
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| Cost Accounting Fundamentals | |
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| The Accountant's Role in the Organization | |
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| The Major Purposes of Accounting Systems | |
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| Management Accounting, Financial Accounting, and Cost Accounting | |
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| Planning and Control Decisions | |
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| The Value Chain of Business Functions | |
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| Enhancing the Value of Management Accounting Systems | |
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| Key Management Accounting Guidelines | |
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| Organizational Structure and the Management Accountant | |
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| Professional Ethics | |
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| An Introduction to Cost Terms and Purposes | |
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| Costs and Cost Terminology | |
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| Direct Costs and Indirect Costs | |
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| Cost-Behavior Patterns: Variable Costs and Fixed Costs | |
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| Total Costs and Unit Costs | |
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| Manufacturing, Merchandising, and Service-Sector Companies | |
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| Financial Statements, Inventoriable Costs, and Period Costs | |
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| Illustrating the Flow of Inventoriable Costs and Period Costs | |
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| Measuring Costs Requires Judgment | |
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| Cost-Volume-Profit Analysis | |
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| Cost-Volume-Profit Assumptions and Terminology | |
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| Essentials of Cost-Volume-Profit Analysis | |
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| The Breakeven Point | |
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| Using CVP Analysis for Making Decisions | |
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| Sensitivity Analysis and Uncertainty | |
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| Cost Planning and CVP | |
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| Effects of Sales Mix on Income | |
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| CVP Analysis in Service and Nonprofit Organizations | |
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| Multiple Cost Drivers | |
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| Contribution Margin Versus Gross Margin | |
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| Decision Models and Uncertainty | |
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| Job Costing 95 | |
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| Building Block Concepts of Costing Systems | |
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| Job-Costing and Process-Costing Systems | |
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| Job Costing in Manufacturing | |
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| Time Period Used to Compute Indirect-Cost Rates | |
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| Normal Costing | |
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| A Job-Costing System in Manufacturing | |
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| Budgeted Indirect Costs and End-of-Period Adjustments | |
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| Multiple Overhead Cost Pools | |
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| Variations of Normal Costing: A Service-Sector Example | |
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| Management Control and Technology | |
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| Activity-Based Costing and Activity-Based Management | |
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| Broad Averaging Via Peanut-Butter Costing Approaches | |
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| Costing System at Plastim Corporation | |
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| Refining a Costing System | |
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| Activity-Based Costing Systems | |
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| Implementing Activity-Based Costing at Plastim Corporation | |
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| Comparing Alternative Costing Systems | |
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| Using ABC Systems for Cost Management and Profitability Improvement | |
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| Activity-Based Costing and Department-Costing Systems | |
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| Implementing ABC Systems | |
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| Activity-Based Costing in Service and Merchandising Companies | |
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| Tools for Planning and Control | |
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| Master Budget and Responsibility Accounting | |
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| Budgets and the Budgeting Cycle | |
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| Advantages of Budgets | |
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| Time Coverage of Budgets | |
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| Steps in Developing an Operating Budget | |
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| Computer-Based Financial Planning Models | |
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| Kaizen Budgeting | |
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| Activity-Based Budgeting | |
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| Budgeting and Responsibility Accounting | |
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| Responsibility and Controllability | |
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| Human Aspects of Budgeting | |
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| The Cash Budget | |
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| Flexible Budgets, Variances, and Management Control: I | |
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| The Use of Variances | |
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| Static Budgets and Flexible Budgets | |
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| Static Budget Variances | |
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| Steps in Developing a Flexible Budget | |
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| Flexible-Budget Variances and Sales-Volume Variances | |
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| Price Variances and Efficiency Variances for Direct-Cost Inputs | |
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| Performance Measurement Using Variances | |
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| Flexible Budgeting and Activity-Based Costing | |
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| Benchmarking and Variance Analysis | |
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| Flexible Budgets, Variances, and Management Control: II | |
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| Planning of Variable and Fixed Overhead Costs | |
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| Standard Costing at Webb Company | |
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| Developing Budgeted Variable Overhead Cost-Allocation Rates | |
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| Variable Overhead Cost Variances | |
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| Developing Budgeted Fixed Overhead Cost-Allocation Rates | |
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| Fixed Overhead Cost Variances | |
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| Production-Volume Variance | |
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| Integrated Analysis of Overhead Cost Variances | |
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| 4, 3, 2 and 1-Variance Analysis | |
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| Different Purposes of Manufacturing Overhead Cost Analysis | |
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| Journal Entries for Overhead Costs and Variances | |
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| Financial and Nonfinancial Performance | |
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| Overhead Cost Variances in Nonmanufacturing Settings | |
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| Activity-Based Costing and Variance Analysis | |
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| Inventory Costing and Capacity Analysis | |
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| Inventory Costing for Manufacturing Companies | |
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| Variable Costing and Absorption Costing | |
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| Explaining Differences in Operating Income | |
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| Performance Measures and Absorption Costing | |
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| Throughput Costing | |
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| Capsule Comparison of Inventory-Costing Methods | |
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| Denominator-Level Capacity Concepts and Fixed-Cost Capacity Analysis | |
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| Alternative Denominator-Level Capacity Concepts for Absorption Costing | |
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| Choosing a Denominator-Level Capacity Concept | |
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| Capacity Costs and Denominator-Level Issues | |
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| Breakeven Points in Variable Costing and Absorption Costing | |
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| Cost Information for Decisions | |
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| Determining How Costs Behave | |
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| General Issues in Estimating Cost Functions | |
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| The Cause-And-Effect Criterion in Choosing Cost Drivers | |
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| Cost Estimation Approaches | |
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| Steps in Estimating A Cost Function Using Quantitative Analysis | |
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| Evaluating Cost Drivers of the Estimated Cost Function | |
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| Cost Drivers and Activity-Based Costing | |
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| Nonlinearity and Cost Functions | |
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| Learning Curves and Nonlinear Cost Functions | |
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| Data Collection and Adjustment Issues | |
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| Regression Analysis | |
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| Decision Making and Relevant Information | |
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| Information and the Decision Process | |
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| The Meaning of Relevance | |
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| An Illustration of Relevance: Choosing Output Levels | |
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| Insourcing-Versus-Outsourcing and Make-Versus-Buy Decisions | |
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| Opportunity Costs, Outsourcing, and Capacity Constraints | |
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| Product-Mix Decisions Under Capacity Constraints | |
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| Customer Profitability, Activity-Based Costing, and Relevant Costs | |
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| Irrelevance of Past Costs and Equipment--Replacement Decisions | |
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| Decisions and Performance Evaluation | |
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| Linear Programming | |
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| Pricing Decisions and Cost Management | |
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| Major Influences on Pricing Decisions | |
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| Costing and Pricing for the Short Run | |
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| Costing and Pricing for the Long Run | |
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| Target Costing for Target Pricing | |
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| Achieving the Target Cost per Unit for Provalue | |
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| Cost-Plus Pricing | |
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| Life-Cycle Product Budgeting and Costing | |
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| Considerations Other Than Costs in Pricing Decisions | |
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| Effects of Antitrust Laws on Pricing | |
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| Strategy, Balanced Scorecard, and Strategic Profitability Analysis | |
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| What Is Strategy? | |
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| Implementation of Strategy and the Balanced Scorecard | |
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| Evaluating the Success of a Strategy | |
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| Strategic Analysis of Operating Income | |
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| Downsizing and the Management of Capacity | |
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| Productivity Measurement | |
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| Cost Allocation and Revenues | |
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| Cost Allocation | |
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| Purposes of Cost Allocation | |
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| Criteria to Guide Cost-Allocation Decisions | |
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| Cost Allocation and Costing Systems | |
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| Allocating Costs from One Department to Another | |
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| Allocating Costs of Support Departments | |
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| Allocating Common Costs | |
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| Cost Allocations and Contracts | |
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| Cost Allocation: Joint Products and Byproducts | |
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| Joint-Cost Basics | |
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| Approaches to Allocating Joint Costs | |
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| Irrelevance of Joint Costs for Decision Making | |
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| Accounting for Byproducts | |
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| Revenues, Sales Variances, and Customer-Profitability Analysis | |
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| Revenue Allocation | |
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| Revenues and Bundled Products | |
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| Revenue-Allocation Methods | |
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| Sales Variances | |
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| Sales-Volume Variance Components | |
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| Sales-Mix and Sales-Quantity Variances | |
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| Market-Share and Market-Size Variances | |
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| Customer-Profitability Analysis | |
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| Customer Revenues and Customer Costs | |
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| Customer-Profitability Profiles | |
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| Mix and Yield Variances for Substitutable Inputs | |
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| Process Costing | |
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| Illustrating Process Costing | |
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| Process Costing with Zero Beginning and Zero Ending Work-In-Process Inventory | |
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| Process Costing with Zero Beginning But Some Ending Work-In-Process Inventory | |
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| Process Costing with Both Some Beginning and Some Ending Work-In-Process Inventory | |
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| Weighted-Average Method | |
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| First-In, First-Out Method | |
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| Comparison of Weighted-Average and FIFO Methods | |
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| Standard-Costing Method of Process Costing | |
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| Transferred-In Costs in Process Costing | |
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| Hybrid-Costing Systems | |
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| Operation Costing | |
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| Quality and JIT | |
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| Spoilage, Rework, and Scrap | |
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| Terminology | |
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| Different Types of Spoilage | |
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| Process Costing and Spoilage | |
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| Job Costing and Spoilage | |
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| Rework | |
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| Accounting for Scrap | |
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| Inspection and Spoilage at Intermediate Stages of Completion in Process Costing | |
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| Quality, Time, and the Theory of Constraints | |
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| Quality as a Competitive Weapon | |
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| Costs of Quality | |
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| Techniques Used to Analyze Quality Problems | |
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| Relevant Costs and Benefits of Quality Improvement | |
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| Costs of Design Quality | |
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| Nonfinancial Measures of Quality and Customer Satisfaction | |
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| Evaluating Quality Performance | |
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| Time as a Competitive Weapon | |
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| Time Drivers and Costs of Time | |
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| Theory of Constraints and Throughput Contribution Analysis | |
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| Inventory Management, Just-in-Time, and Backflush Costing | |
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| Inventory Management in Retail Organizations | |
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| Challenges in Estimating Inventory-Related Costs and Their Effects | |
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| Just-In-Time Purchasing | |
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| Inventory Management and Supply-Chain Analysis | |
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| Inventory Management and MRP | |
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| Inventory Management and JIT Production | |
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| Backflush Costing | |
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| Investment Decisions and Management Control Systems | |
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| Capital Budgeting and Cost Analysis | |
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| Two Focuses of Cost Analysis | |
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| Stages of Capital Budgeting | |
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| Discounted Cash Flow | |
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| Sensitivity Analysis | |
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| Relevant Cash Flows in Discounted Cash Flow Analysis | |
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| Payback Method | |
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| Accrual Accounting Rate-of-Return Method | |
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| Evaluating Managers and Goal-Congruence Issues | |
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| Income-Tax Considerations | |
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| Managing the Project | |
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| Intangible Assets and Capital Budgeting | |
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| Capital Budgeting and Inflation | |
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| Management Control Systems, Transfer Pricing, and Multinational Considerations | |
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| Management Control Systems | |
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| Evaluating Management Control Systems | |
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| Organization Structure and Decentralization | |
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| Transfer Pricing | |
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| An Illustration of Transfer Pricing | |
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| Market-Based Transfer Prices | |
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| Cost-Based Transfer Prices | |
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| Negotiated Transfer Prices | |
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| A General Guideline for Transfer-Pricing Situations | |
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| Multinational Transfer Pricing and Tax Considerations | |
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| Performance Measurement, Compensation, and Multinational Considerations | |
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| Financial and Nonfinancial Performance Measures | |
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| Choosing Among Different Performance Measures | |
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| Choosing the Time Horizon of the Performance Measures | |
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| Choosing Alternative Definitions for Performance Measures | |
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| Choosing Measurement Alternatives for Performance Measures | |
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| Choosing Target Levels of Performance | |
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| Choosing the Timing of Feedback | |
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| Performance Measurement in Multinational Companies | |
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| Distinction between Managers and Organization Units | |
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| Performance Measures at the Individual Activity Level | |
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| Executive Performance Measures and Compensation | |
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| Environmental and Ethical Responsibilities | |
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| Video Cases | |
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| Appendix A | |
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| Appendix B | |
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| Appendix C | |
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| Appendix D | |
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| Glossary | |
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| Author Index | |
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| Company Index | |
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| Subject Index | |