Basic Cost Management Concepts and Accounting for Mass 基本的成本管理理念和会计质量.ppt

Basic Cost Management Concepts and Accounting for Mass Customization Operations Process of Management What Do We Mean By a Cost? Manufacturing Costs Direct Material Direct Labor Manufacturing Overhead All other manufacturing costs Manufacturing Overhead All other manufacturing costs Manufacturing Overhead All other manufacturing costs Classifications of Costs in Manufacturing Companies Manufacturing costs are oftencombined as follows: Cost Classifications on Financial Statements – Balance Sheet Merchandiser Current Assets Cash Receivables Prepaid Expenses Merchandise Inventory Cost Classifications on Financial Statements – Balance Sheet Merchandiser Current Assets Cash Receivables Prepaid Expenses Merchandise Inventory Cost Classifications on Financial Statements – Balance Sheet Cost Classifications on Financial Statements – Balance Sheet Merchandiser Current Assets Cash Receivables Prepaid Expenses Merchandise Inventory Manufacturing Cost Flows Manufacturing Cost Flows Manufacturing Cost Flows Manufacturing Cost Flows Types of Production Processes Schedule of Cost of Goods Manufactured Schedule of Cost of Goods Manufactured Schedule of Cost of Goods Manufactured Schedule of Cost of Goods Manufactured Schedule of Cost of Goods Manufactured Schedule of Cost of Goods Manufactured Schedule of Cost of Goods Manufactured Income Statement for a Manufacturer Income Statement for a Manufacturer Income Statement for a Manufacturer Cost Classifications Cost behavior means how a cost will react to changes in the level of business activity. Total variable costs change when activity changes. Total fixed costs remain unchanged when activity changes. Cost Classifications Cost behavior means how a cost will react to changes in the level of business activity. Total variable costs change when activity changes. Total fixed costs remain unchanged when activity changes. Identifying Cost Drivers Total Variable Cost Example Your total long distance