Lec10 - Period costs: assign to the period -Determine the...

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Managerial 2071 Lecture 10: 02/09R 1. Today ’ s plan (1) Art of Product Costing (chapter 5) (2) Remarks 2. Remarks (to summarize) (1) The art of product costing - Identify “cost incurred this period, ” Aggregation T-accounts - Separate product costs and period costs (p. 93) Product costs: assign to specific products
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Unformatted text preview: Period costs: assign to the period -Determine the cost for products Direct identification Allocation LLA (2) The distinct difference between economic theory of cost and the product cost in accounting library (3) More to come – read Chapter 6 (pay attention to the tables) 3. Next Class (1) Chapter 6...
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This note was uploaded on 06/05/2011 for the course ACG 2071 taught by Professor Sumbiznatch during the Spring '06 term at University of Florida.

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