Wheldon"s Cost accounting and costing methods
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Wheldon"s Cost accounting and costing methods

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Published by Macdonald and Evans in London .
Written in English

Subjects:

  • Cost accounting.

Book details:

Edition Notes

Includes index.

Other titlesCost accounting and costing methods.
Statement[Harold James Wheldon].
ContributionsOwler, L. W. J., Brown, John Lewis.
Classifications
LC ClassificationsHF5686.C8 W442 1975
The Physical Object
Paginationxiii, 750 p. :
Number of Pages750
ID Numbers
Open LibraryOL4927047M
ISBN 100712123075
LC Control Number76353502
OCLC/WorldCa2074695

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When cost accounting, you use the weighted average costing method to calculate costs in a process-costing environment. Now incorporate weighted average analysis into calculating spoilage costs. To get super-psyched for the weighted average method, keep these points in mind: To keep it simple, you analyze only the material units and material costs for a product. Inventory Cost Policies The main costing methods (and the only ones that we’ll look at) are: § Specific item (or “actual cost”) § First in, first out (FIFO) § Average cost § Use it when the specific inventory items can be identified and it is useful to do so § Computer systems make this method more practical, but it is still problematic for businesses with high volumes, and many Author: Kewang. activity costing differs from traditional cost accounting in three ways 1. nonmanufacturing as well as manufacturing cost may be assigned to products, but only on a cause-and-effect basis 2. some manufacturing cost may be excluded from product cost. Cost Analysis and Activity-Based Costing for Government book. Read reviews from world’s largest community for readers. Publisher: Edition: first/5.