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Author: V. G. Narayanan
Publisher:
ISBN: 9781601986467
Category : Business & Economics
Languages : en
Pages : 66
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Book Description
The central theme of Competition and Cost Accounting is that strategic considerations may make it desirable for a firm to have divisions and product managers internalize something other than their true costs. In the case of transfer prices, a high transfer price serves as a means of promoting tacit collusion. In the case of product cost measurement, an inferior cost allocation system that just spreads costs evenly may promote tacit collusion.
Author: V. G. Narayanan
Publisher:
ISBN: 9781601986467
Category : Business & Economics
Languages : en
Pages : 66
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Book Description
The central theme of Competition and Cost Accounting is that strategic considerations may make it desirable for a firm to have divisions and product managers internalize something other than their true costs. In the case of transfer prices, a high transfer price serves as a means of promoting tacit collusion. In the case of product cost measurement, an inferior cost allocation system that just spreads costs evenly may promote tacit collusion.
Author: V. G. Narayanan
Publisher:
ISBN: 9781601986474
Category : Cost accounting
Languages : en
Pages : 63
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Book Description
Two of the most pervasive cost accounting systems for coordinating activities and facilitating decisions within firms are transfer pricing and product costing. These systems allow decentralized decision making that can take advantage of the local knowledge of managers. The choice of transfer prices and product costs also affects, and is affected by, the choice of similar systems by competing firms. In this monograph, we show that transfer prices, organizational structure, and firms' cost allocation system choices have a strategic impact on the product market in both Bertrand and Cournot settings. We show that the observability of and commitment to transfer prices are important factors that affect transfer prices and the strategic effect of transfer prices on the rival firm. But even in the absence of observability and commitment, we show that transfer prices have strategic effects, albeit more muted than in a setting that affords observability and commitment. Similarly, we show that firms' cost system choices have a strategic impact on rival firms. Surprisingly, these strategic effects sometimes have the result of an inferior cost system being chosen in equilibrium. Lastly, we consider a situation in which firms choose to specialize in a product market in order to obtain superior cost information. We show that sometimes firms may choose this strategy in equilibrium as an alternative to traditional costs systems that average costs across products without regard to their true consumption of resources. At other times, firms may choose a more refined cost system that yields better cost information in lieu of traditional cost systems. We thus show that a focused strategy of specializing in a product and a superior cost system may act as substitutes.
Author: Dr. R. N. Khandelwal
Publisher: SBPD Publications
ISBN: 9388117263
Category : Business & Economics
Languages : en
Pages : 591
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Book Description
1. Cost Accounting : Meaning, Nature, Scope and Importance, 2. Cost : Concepts, Elements and Classification, 3. Materials Control and Valuation, 4. Labour Cost Control, 5. Expenses/Overhead, 6. Overheads : Collection, Allocation, Apportionment and Absorption-Including Machine-Hour Rate, 7. Single or Unit or Output Costing, 8. Calculation of Quotation, Estimates or Tender Price, 9. Job, Batch and Contract Costing, 10. Operating Costing, 11. Process Costing, 12. Reconciliation of Cost and Financial Accounts, 13. Marginal Costing and Break-Even Analysis, 14. Standard Costing. Data, 18. Graphic Presentation of Data,Appendix (Log-Antilog Table).
Author: Kenneth W. Boyd
Publisher: John Wiley & Sons
ISBN: 1119856043
Category : Business & Economics
Languages : en
Pages : 451
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Book Description
Take control of overhead, budgeting, and profitability with cost accounting Cost accounting is one of the most important skills in business, and its popularity as a course in undergraduate and graduate business and management programs speaks to its usefulness. But if you’ve ever felt intimidated by the subject’s jargon or concepts, you can stop worrying. Cost accounting is for everyone! In Cost Accounting For Dummies, you’ll be taken step-by-step through the basic and advanced topics found in a typical cost accounting class, from how to define costs and how to allocate them to products or services. You’ll learn how to determine if a capital expenditure is worth it and how to design a budget model that forecasts changes in costs based on activity levels. Whether you’re a student in your first cost accounting course or a professional trying to get a grip on your books, you’ll benefit from: Simple methods to evaluate business risks and rewards Explanations of how to manage and control costs during periods of business change and pivots Descriptions of how to use cost accounting to price IT projects Cost Accounting For Dummies is the gold standard in getting a firm grasp on the challenging and rewarding world of cost accounting.
Author: Dr. B. K. Mehta
Publisher: SBPD Publications
ISBN:
Category : Business & Economics
Languages : en
Pages : 592
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Book Description
1.Cost Accounting—Meaning, Importance an Evaluation, 2. Elements of Cost and their Classification, 3 .Materials Control and Valuation, 4. Labour Cost Control, 5. Expenses/Overheads, 6. Overheads—Machine-Hour Rate, 7. Single or Unit or Output Costing , 8. Calculation of Tender Price or Quotation Price , 9. Production Account or Manufacturing Account, 10. Contract Costing, Job Costing and Batch Costing , 11. Process Cost Accounting, 12. Reconciliation of Cost and Financial Accounts , 13. Cost Audit, Examination Paper.
Author: Dr. B.K. Mehta
Publisher: SBPD Publications
ISBN:
Category : Business & Economics
Languages : en
Pages : 191
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Book Description
1.Cost Accounting : Meaning, Importance and Evaluation, 2 .Elements of Cost and Their Classification, 3 .Service/Operating Costing, 4. Marginal Costing and Absorption Costing , 5. Differential Cost Analysis, 6. Recent Development in Cost Accounting, 7. Accent Development in Cost Accounting , 8. Cost Audit.
Author: Dr. R. N. Khandelwal
Publisher: SBPD Publications
ISBN: 9351672093
Category : Business & Economics
Languages : en
Pages : 724
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Book Description
An excellent book for commerce students appearing in competitive, professional and other examinations. Cost Accounting 1. Cost Accounting : Meaning, Nature, Scope and Importance, 2. Cost : Concepts, Elements and Classification, 3. Materials Control and Valuation, 4. Labour Cost Control, 5. Expenses/Ouerhead, 6. Ouerheads : Collection, Allocation, Apportionment and Absorption [Including Machine hour Rate], 7. Single or Unit or Output Costing, 8. Calculation of Quotation, Estimates or Tender Price, 9. Job, Batch and Contract Costing, 10. Process Costing, 11. Reconciliation of Cost and Financial Accounts, 12. Cost Audit, 13. Operating Costing. Auditing 1. Introduction, 2. Objects, Advantages and Limitations of Auditing, 3. Types or Classification of Audit, 4. Audit Process and Programme, 5. Internal Control and Internal Check, 6. Vouching, 7. Verification of Assets and Liabilities, 8. Valuation of Assets and Liabilities.
Author: Dr. B. K. Mehta
Publisher: SBPD Publications
ISBN:
Category : Business & Economics
Languages : en
Pages : 592
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Book Description
1.Cost Accounting—Meaning, Importance an Evaluation, 2. Elements of Cost and their Classification, 3 .Materials Control and Valuation, 4. Labour Cost Control, 5. Expenses/Overheads, 6. Overheads—Machine-Hour Rate, 7. Single or Unit or Output Costing , 8. Calculation of Tender Price or Quotation Price , 9. Production Account or Manufacturing Account, 10. Contract Costing, Job Costing and Batch Costing , 11. Process Cost Accounting, 12. Reconciliation of Cost and Financial Accounts , 13. Cost Audit, Examination Paper.
Author: Dr. B. K. Mehta
Publisher: SBPD Publications
ISBN: 9381865590
Category : Business & Economics
Languages : en
Pages : 596
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Book Description
An excellent book for commerce students appearing in competitive, professional and other examinations. 1.Cost Accounting—Meaning, Importance an Evaluation, 2. Elements of Cost and their Classification, 3 .Materials Control and Valuation, 4. Labour Cost Control, 5. Expenses/Overheads, 6. Overheads—Machine-Hour Rate, 7. Single or Unit or Output Costing , 8. Calculation of Tender Price or Quotation Price , 9. Production Account or Manufacturing Account, 10. Contract Costing, Job Costing and Batch Costing , 11. Process Cost Accounting, 12. Reconciliation of Cost and Financial Accounts , 13. Cost Audit, Examination Paper.
Author: Harry Marc Rowe
Publisher:
ISBN:
Category : Cost accounting
Languages : en
Pages : 104
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Book Description
