Unformatted text preview: Reference: Kinney & Raiborn, Cost Accounting Foundations and Evolutions(2011) Hi Tammy, Determining the cost of goods sold is an important part of analyzing profitability. In a manufacturing environment, there can be a lot of variables involved in producing the final product. There are fixed costs, variable costs and costs that can be both fixed and variable. Using the high-low method can also help to figure what a given cost would be at a certain level of production. This method can also be used to calculate the cost of goods sold, depending on techniques used like absorption costing and variable costing methods. Jack...
View Full Document
This note was uploaded on 07/16/2011 for the course COST ACCOU 410 taught by Professor David during the Fall '10 term at Kaplan University.
- Fall '10