Principles of Cost Accounting (Classic Reprint) - Softcover

Long, William J.

Softcover

ISBN 10: 1440053987 ISBN 13: 9781440053986

Publisher: Forgotten Books, 2018

Synopsis

Master the essentials of cost accounting with practical guidance for real-world business decisions.

This book introduces the aims, methods, and uses of cost information, helping readers judge profitability, set prices, and guide managerial choices with reliable data.

Cost accounting is presented as a practical framework for understanding and controlling costs. It outlines how to classify and compute manufacturing and selling costs, choose suitable costing systems, and apply overhead distribution. The text emphasizes standardization, comparison of actual versus estimated costs, and the role of cost data in improving efficiency and decision making.

• Learn the objects of cost data: profitability checks, price setting, and informed administrative judgment.
• Explore how costs are structured into manufacturing and selling categories, including prime cost and overhead.
• See how different cost systems work (simple, compound, complex) and how overhead is distributed.
• Understand reconciliations between predetermined or estimated costs and actual costs.

Ideal for readers seeking a solid, real‑world foundation in cost accounting, including students and professionals aiming to sharpen their ability to read and use cost reports effectively.

About this title

Product Description

The motive which prompted the author to prepare and publish Cost A ccounting, was the desire to supply a demand for a text book on the part of the students inN ew York University School of Commerce, Accounts andF inance. In presenting it for public consideration it is desired to have clearly understood the fact that it is intended as a text book especially adapted to the needs of students, and is not intended as a general reference work. The supply of literature on the subject of cost accounting is increasing rapidly. The quality of such literature is of a high order. The fault to be found with it from the point of view of a teacher is that it is too highly specialized. The tendency on the part of authors on this subject is to select some particular industry or line of production and describe a particular system, attempting to make such typical of the entire subject. Most systems are accompanied by elaborate forms. In fact it may be said that many systems are nothing more than a collection of forms. This practice has been carried to such an extent that it would not be extravagant to state that die average student looks upon the study of cost accounting as a matter of becoming familiar with certain specific forms comprising a particular system. In this maze of forms the student becomes lost and the principles underlying the forms are entirely overlooked.
(Typographical errors above are due to OCR software and don't occur in the book.)

About the Publisher

Forgotten Books is a publisher of historical writings, such as: Philosophy, Classics, Science, Religion, History, Folklore and Mythology.

Forgotten Books' Classic Reprint Series utilizes the latest technology to regenerate facsimiles of historically important writings. Careful attention has been made to accurately preserve the original format of each page whilst digitally enhancing the aged text.

Edition details

• Publisher: Forgotten Books
• Publication date: 2018
• Language: English
• ISBN 10: 1440053987
• ISBN 13: 9781440053986
• Binding: Paperback
• Number of pages: 113