管理会计课件chapter2.ppt

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1、CostsTerms,ConceptsandClassificationsChapterTwoWhycosts?AnimportantpartofinformationsystemAstrategyAnexample-----AirlinecompanyDifferentcostsfordifferentpurposes------costsusedinfinancialandmanagerialaccountingWholeorsegment?CostcompositionLearningObjective1Identifyandgive

2、examplesofeachofthethreebasicmanufacturingcostcategories.TheProductDirectMaterialsDirectLaborManufacturingOverheadManufacturingCostsDirectMaterialsRawmaterialsthatbecomeanintegralpartoftheproductandthatcanbeconvenientlyanddirectlytracedtoit.Example:Aradioinstalledinanau

3、tomobileDirectLaborThoselaborcoststhatcanbeeasilytracedtoindividualunitsofproduct.Example:WagespaidtoautomobileassemblyworkersManufacturingcoststhatcannotbetracedconvenientlyanddirectlytospecificunitsproduced.ManufacturingOverheadIndirectmaterials,indirectlabor,andotherman

4、ufacturingoverheadWagespaidtoemployeeswhoarenotdirectlyinvolvedinproductionwork.Examples:maintenanceworkers,janitorsandsecurityguards.Materialsusedtosupporttheproductionprocess.Examples:lubricantsandcleaningsuppliesusedintheautomobileassemblyplant.Non-manufacturingCostsSel

5、lingCostsCostsnecessarytogettheorderanddelivertheproduct.AdministrativeCostsAllexecutive,organizational,andclericalcosts.CostClassificationsLearningObjective2Distinguishbetweenproductcostsandperiodcostsandgiveexamplesofeach.MatchingPrinciple-----basedonAccrualaccountingCo

6、stsincurredtogenerateaparticularrevenueshouldberecognizedasexpensesinthesameperiodthattherevenueisrecognized.Economiceventsarerecognizedbymatchingrevenuestoexpenses(thematchingprinciple) atthetimeinwhichthetransaction occursratherthanwhenpaymentismade(orreceived).ProductCo

7、stsVersusPeriodCostsProductcostsincludedirectmaterials,directlabor,andmanufacturingoverhead.Periodcostsincludeallsellingcostsandadministrativecosts.InventoryCostofGoodSoldBalanceSheetIncomeStatementSaleExpenseIncomeStatementQuickCheckWhichofthefollowingcostswouldbecons

8、ideredaperiodratherthanaproductcostinamanufacturingcompany?A.Manufacturingequipmentdeprec