The authors here explain the art and science of cost analysis as it relates to budgeting, pricing products, measuring profits and break-even points, and also in non-routine business decisions. Here is solid, practical information that will help you analyze your company's costs as a step toward insuring continued business health.
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(back cover)
BARRON'S
BUSINESS
LIBRARY
Titles in this series speak to men and women who are starting a company or managing an ongoing small-to-medium-size business. Emphasis is on daily operations, as well as on analyzing problems and solving them. Examples and approaches cited in these books are based on true-to-life business situations.
Modern Cost
Management
and Analysis
Third Edition
Topics discussed in this book include understanding cost concepts, job-order costing, process costing, activity-based costing (ABC), activity-based management (ABM), cost-volume and break-even analysis, budgeting, the balanced scorecard, target costing, life-cycle costing, cost analysis for non-routine decisions, how to make capital budgeting decisions, and much more. The authors cover all important issues that relate to budgeting and affect company profitability. An appendix presents tables that account for the time value of money, and a glossary gives definitions of specialized cost management terms.
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