Cost Accounting Ppt Pdf Doc Format
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Cost Accounting, 14e (Horngren/Datar/Rajan) Chapter 1 The Accountant's Role in the Organization Objective 1.1 1) Management accounting: A) focuses on estimating future revenues, costs, and other measures to forecast activities and their results B) provides information about the company as a whole.
- ¾ Results in unitizing fixed costs: convert total fixed costs (TFC) to a unit cost by allocating TFC to the units produced. ¾ Electron, Inc. Produces 10,000 calculators in one month. ¾ Variable manufacturing costs are: $6/unit for material, $1/unit for direct labor, and $1/unit for variable overhead.
- This allocation is reported at the bottom of the income statement after net income. Boc Hong’s net income of $164,489 is therefore allocated as $120,000 to Boc Hong and $44,489 to the non-controlling interest. The presentation on the income statement is as follows.
Cost Accounting Pdf
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