{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

ACCO 330 - CHPT 3

ACCO 330 - CHPT 3 - Chapter Three Cost Concepts...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
Blocher,Stout,Cokins,Chen, Cost Management 4e Cost Concepts Chapter Three
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Blocher,Stout,Cokins,Chen, Cost Management 4e 2 Product costs include only the costs required to complete the product at the manufacturing level or to purchase and transport the product at the merchandising level Period costs include all other costs incurred by the firm in managing or selling the product Cost Concepts – GAAP
Background image of page 2
Blocher,Stout,Cokins,Chen, Cost Management 4e 3 Direct material costs; cost of materials that can be traced to production = purchase price of materials + freight + allowance for scrap and defective units Indirect material costs; cost of materials that cannot readily be traced to production (e.g., lubricants, and small tools) Direct labor costs; labor that can be readily traced to production Indirect labor costs; labor costs that cannot be readily traced to production (i.e., manufacturing support costs ) Product Costs Classifications - by Manufacturing Process Categories
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

Page1 / 12

ACCO 330 - CHPT 3 - Chapter Three Cost Concepts...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon bookmark
Ask a homework question - tutors are online