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Engineering methods Rather than what did it cost in the past, the focus is on what should it cost in the future? Need to determine how much material should be required and how much direct labour should be used in the production process Time and motion studies may be conducted to ascertain how long it should take for workers to perform each step ...

30 trang | Chia sẻ: thuychi20 | Ngày: 04/04/2020 | Lượt xem: 1040 | Lượt tải: 1

Responsibility centres A sub-unit of the organisation whose manager is held accountable for the sub-units’ activities and performance Cost centres, revenue centres, profit centre and investment centre The type of responsibility centre determines the types of financial results for which a manager is held accountable

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A methodology that can be used to measure both the cost of cost objects and the performance of activities Can help solve problems such as Distorted product costs Poor cost control The ABC method adopted, depends on the problems that need to be addressed

30 trang | Chia sẻ: thuychi20 | Ngày: 04/04/2020 | Lượt xem: 1028 | Lượt tải: 1

Determining cost allocation bases A cost allocation base is some factor or variable that allows us to allocate costs in a cost pool to cost objects Ideally should be a cost driver A cost driver is an activity or factor that causes costs to be incurred Ideally cost should increase or decrease in direct proportion to the allocation case (or cost ...

32 trang | Chia sẻ: thuychi20 | Ngày: 04/04/2020 | Lượt xem: 1138 | Lượt tải: 1

Staffed by professional staff who provide personal services and serve relatively few customers The front office is more important than the back office Examples: medical, legal, accounting, management consulting, and architectural businesses

30 trang | Chia sẻ: thuychi20 | Ngày: 04/04/2020 | Lượt xem: 1049 | Lượt tải: 1

Step three: calculate the unit costs The cost per equivalent unit for direct material is the total direct material (conversion costs) costs divided by the total equivalent units Under the weighted average method the cost per equivalent unit is based on the total costs incurred, including the cost of beginning WIP Step four: analyse the costs

30 trang | Chia sẻ: thuychi20 | Ngày: 04/04/2020 | Lượt xem: 1003 | Lượt tải: 1

Current or future product costs? Current product costs are relevant for inventory valuation Future product costs may be relevant for input into some decisions Frequency of cost information? Infrequently for long-term decisions, or even short-term decisions More regularly for inventory valuation

30 trang | Chia sẻ: thuychi20 | Ngày: 04/04/2020 | Lượt xem: 982 | Lượt tải: 1

Managers must understand how costs change as the as the level of activity in the business changes The level of activity is the level of work performed in the organisation Variable costs Change in total in direct proportion to a change in the level of activity Sometimes referred to as unit-level costs in product costing as they incurred for each...

30 trang | Chia sẻ: thuychi20 | Ngày: 04/04/2020 | Lượt xem: 1022 | Lượt tải: 1

Processes and techniques of management accounting Systems that support the organisation’s formulation and implementation of strategy Information to help managers manage their resources, through systems of planning and control

29 trang | Chia sẻ: thuychi20 | Ngày: 04/04/2020 | Lượt xem: 1087 | Lượt tải: 1

PP Tài khoản và ghi sổ kép Tài khoản: phản ánh thường xuyên, liên tục, có hệ thống từng đối tượng kế toán riêng biệt trong quá trình hoạt động SXKD của doanh nghiệp Ghi sổ kép: phương pháp ghi chép các nghiệp vụ kinh tế (NVKT) phát sinh vào các tài khoản có liên quan theo đúng nội dung kinh tế và mối quan hệ khách quan của chúng

20 trang | Chia sẻ: thuychi20 | Ngày: 04/04/2020 | Lượt xem: 1068 | Lượt tải: 1