Summary |
This is a book about decision making and control. It presents a simplified method of securing the kind of accounting and cost data that management needs for making sound operating decisions and for providing controls to implement those decisions. The use of this method eliminates the fuzziness of conventional accounting reports by presenting financial information in a form which can be readily understood by operating management.
Contents
1 Introduction
2 Interrelation of prices, Costs, and Volume
3 Feasibility Studies and Conversion Programming
4 Responsibility Accounting
5 Standards for Measuring Activity Level
6 Flexibility Standards for Labor and Expense
7 Direct Material Standards
8 Direct Standard Product Coasts
9 The Profit plan
10 Reports to Management
11 Product Pricing with Direct Costs
12 Other Decision-making Procedures
13 Appraisal of Direct Costing
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