Cost Accounting (14th Edition)

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XX PREFACE We would also like to extend our thanks to those professors who provided detailed written reviews or comments on drafts. These professors include the following: Robyn Alcock Central Queensland University David S. Baglia Grove City College Charles Bailey University of Central Florida Robert Bauman Allan Hancock Joint Community College David Bilker University of Maryland, University College Marvin Bouillon Iowa State University Dennis Caplan Columbia University Donald W. Gribbin Southern Illinois University Rosalie Hallbauer Florida International University John Haverty St. Joseph’s University Jean Hawkins William Jewell College Rodger Holland Francis Marion University Jiunn C. Huang San Francisco State University Zafar U. Khan Eastern Michigan University Larry N. Killough Virginia Polytechnic Institute & State University Keith Kramer Southern Oregon University Jay Law Central Washington University Sandra Lazzarini University of Queensland Gary J. Mann University of Texas at El Paso Ronald Marshall Michigan State University Maureen Mascha Marquette University Pam Meyer University of Louisiana at Lafayette Marjorie Platt Northeastern University Roy W. Regel University of Montana Pradyot K. Sen University of Cincinnati Gim S. Seow University of Connecticut Rebekah A. Sheely Northeastern University Robert J. Shepherd University of California, Santa Cruz Kenneth Sinclair Lehigh University Vic Stanton California State University, Hayward Carolyn Streuly Marquette University Gerald Thalmann North Central College Peter D. Woodlock Youngstown State University James Williamson San Diego State University Sung-Soo Yoon UCLA at Los Angeles Jennifer Dosch Metro State University Joe Dowd Eastern Washington University Leslie Kren University of Wisconsin-Madison Michele Matherly Xavier University Laurie Burney Mississippi State University Mike Morris Notre Dame University Cinthia Nye Bellevue University Roy Regel University of Montana Margaret Shackell-Dowel Notre Dame University Marvin Bouillon Iowa State University Kreag Danvers Clarion University of Pennsylvania A.J. Cataldo II West Chester University Kenneth Danko San Francisco State University T.S. Amer Northern Arizona University Robert Hartman University of Iowa Diane Satin California State University East Bay John Stancil Florida Southern College Michael Flores Wichita University Ralph Greenberg Temple University Paul Warrick Westwood College Karen Schoenebeck Southwestern College Thomas D. Fields Washington University in St. Louis Constance Hylton George Mason University Robert Alford DePaul University Michael Eames Santa Clara University
PREFACE XXI We also would like to thank our colleagues who helped us greatly by accuracy checking the text and supplements including Molly Brown, Barbara Durham, and Anna Jensen. We thank the people at Prentice Hall for their hard work and dedication, including Donna Battista, Stephanie Wall, Christina Rumbaugh, Brian Reilly, Cindy Zonneveld, Lynne Breitfeller, Natacha Moore, and Kate Thomas and Kelly Morrison at GEX Publishing Services. We must extend special thanks to Deepa Chungi, the development editor on this edition, who took charge of this project and directed it across the finish line. This book would not have been possible without her dedication and skill. Alexandra Gural, Jacqueline Archer, and others expertly managed the production aspects of all the manuscript preparation with superb skill and tremendous dedication. We are deeply appreciative of their good spirits, loyalty, and ability to stay calm in the most hectic of times. The constant support of Bianca Baggio and Caroline Roop is greatly appreciated. Appreciation also goes to the American Institute of Certified Public Accountants, the Institute of Management Accountants, the Society of Management Accountants of Canada, the Certified General Accountants Association of Canada, the Financial Executive Institute of America, and many other publishers and companies for their generous permission to quote from their publications. Problems from the Uniform CPA examinations are designated (CPA); problems from the Certified Management Accountant examination are designated (CMA); problems from the Canadian examinations administered by the Society of Management Accountants are designated (SMA); and problems from the Certified General Accountants Association are designated (CGA). Many of these problems are adapted to highlight particular points. We are grateful to the professors who contributed assignment material for this edition. Their names are indicated in parentheses at the start of their specific problems. Comments from users are welcome. CHARLES T. HORNGREN SRIKANT M. DATAR MADHAV V. RAJAN
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Page 26 and 27: 1 The Manager and Management Accoun
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3 Cost-Volume-Profit Analysis Lear
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64 CHAPTER 3 COST-VOLUME-PROFIT AN
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4 Job Costing Learning Objectives
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100 CHAPTER 4 JOB COSTING refers t
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102 CHAPTER 4 JOB COSTING Learning
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104 CHAPTER 4 JOB COSTING Decision
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106 CHAPTER 4 JOB COSTING direct m
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108 CHAPTER 4 JOB COSTING Concepts
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110 CHAPTER 4 JOB COSTING monitori
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112 CHAPTER 4 JOB COSTING Manufact
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114 CHAPTER 4 JOB COSTING at the b
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116 CHAPTER 4 JOB COSTING subsidia
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118 CHAPTER 4 JOB COSTING Learning
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120 CHAPTER 4 JOB COSTING proporti
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122 CHAPTER 4 JOB COSTING because
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124 CHAPTER 4 JOB COSTING Required
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126 CHAPTER 4 JOB COSTING 6. How a
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130 CHAPTER 4 JOB COSTING Material
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132 CHAPTER 4 JOB COSTING Budgeted
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134 CHAPTER 4 JOB COSTING 3. Compu
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5 Activity-Based Costing and Activi
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140 CHAPTER 5 ACTIVITY-BASED COSTI
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6 Master Budget and Responsibility
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184 CHAPTER 6 MASTER BUDGET AND RE
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7 Flexible Budgets, Direct-Cost Var
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228 CHAPTER 7 FLEXIBLE BUDGETS, DI
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8 Flexible Budgets, Overhead Cost V
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264 CHAPTER 8 FLEXIBLE BUDGETS, OV
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9 Inventory Costing and Capacity An
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302 CHAPTER 9 INVENTORY COSTING AN
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10 Determining How Costs Behave Le
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342 CHAPTER 10 DETERMINING HOW COS
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11 Decision Making and Relevant Inf
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392 CHAPTER 11 DECISION MAKING AND
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12 Pricing Decisions and Cost Manag
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434 CHAPTER 12 PRICING DECISIONS A
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13 Strategy, Balanced Scorecard, an
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468 CHAPTER 13 STRATEGY, BALANCED
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14 Cost Allocation, Customer-Profit
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504 CHAPTER 14 COST ALLOCATION, CU
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15 Allocation of Support-Department
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544 CHAPTER 15 ALLOCATION OF SUPPO
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16 Cost Allocation: Joint Products
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578 CHAPTER 16 COST ALLOCATION: JO
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17 Process Costing Learning Object
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608 CHAPTER 17 PROCESS COSTING Con
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610 CHAPTER 17 PROCESS COSTING Lea
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612 CHAPTER 17 PROCESS COSTING Exh
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616 CHAPTER 17 PROCESS COSTING equ
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620 CHAPTER 17 PROCESS COSTING Kee
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622 CHAPTER 17 PROCESS COSTING Dat
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624 CHAPTER 17 PROCESS COSTING Tra
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626 CHAPTER 17 PROCESS COSTING Dec
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628 CHAPTER 17 PROCESS COSTING Ope
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630 CHAPTER 17 PROCESS COSTING Pro
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632 CHAPTER 17 PROCESS COSTING 4.
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636 CHAPTER 17 PROCESS COSTING Ter
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638 CHAPTER 17 PROCESS COSTING and
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640 CHAPTER 17 PROCESS COSTING The
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642 CHAPTER 17 PROCESS COSTING pro
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18 Spoilage, Rework, and Scrap Lea
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646 CHAPTER 18 SPOILAGE, REWORK, A
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19 Balanced Scorecard: Quality, Tim
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672 CHAPTER 19 BALANCED SCORECARD:
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20 Inventory Management, Just-in-Ti
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704 CHAPTER 20 INVENTORY MANAGEMEN
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21 Capital Budgeting and Cost Analy
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740 CHAPTER 21 CAPITAL BUDGETING A
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22 Management Control Systems, Tran
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776 CHAPTER 22 MANAGEMENT CONTROL
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23 Performance Measurement, Compens
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808 CHAPTER 23 PERFORMANCE MEASURE
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840 APPENDIX A NOTES ON COMPOUND I
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842 Table 1 Compound Amount of $1.0
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844 Table 3 Compound Amount of Annu
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Glossary Abnormal spoilage. Spoilag
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848 GLOSSARY Cost estimation. The
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850 GLOSSARY Flexible budget. Budg
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852 GLOSSARY Merchandising-sector
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854 GLOSSARY Real rate of return.
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856 GLOSSARY Time driver. Any fact
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858 INDEX N Nahmias, S., 416n Nara
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860 INDEX Wells Fargo, 474 Wendy
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862 INDEX Costing systems ABC, 146
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864 INDEX Graph method, in CVP ana
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866 INDEX Ordering costs, 704 Orga
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868 INDEX for process costing, 632
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