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

Info icon This preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
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
Image of page 1
This is the end of the preview. Sign up to access the rest of the document.

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...
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern