Cost Accounting identifies the concepts and principles of cost accounting in a clear, concise, and straightforward manner. The book's organization allows instructors flexibility in selecting chapters to meet their course objectives. Rayburn first discusses the cost accounting concepts concerned with cost collection and factors that influence managerial decisions such as sales price determination. The last part of the book emphasizes the application of cost concepts in cost management analysis and the quantitative tools for decision making. The assignment material includes questions that review concepts and procedures, exercises that review the direct applications problems of varying difficulty cover the concepts in greater depth, and relevant cases that illustrate the practical problems associated with concept implementation. The cases are thought-provoking, and designed to stimulate class discussion and develop communication skills. Cost Accounting contains such a variety of problems and cases that there is sufficient material to challenge students who have had previous courses in management accounting or an extensive background in accounting and related fields.
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