Book cover for Horngren’s Cost Accounting

Horngren’s Cost Accounting

Srikant M. Datar, Madhav V. Rajan

ISBN #9780134475585

16th Edition

1,010 Questions

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58,980 Students Helped

Homework Questions

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Summary

Horngren’s Cost Accounting is a comprehensive textbook that delves into the intricate world of cost behavior and management, equipping managers with a robust framework for understanding how costs influence decision-making and strategic planning. The book systematically introduces fundamental concepts—from distinguishing between direct and indirect costs, and fixed versus variable costs, to mastering cost–volume–profit analysis, budgeting, and performance measurement—guiding readers through increasingly complex methods like activity?based costing, process costing, and inventory management. It methodically progresses from basic principles to advanced practices such as transfer pricing, capital budgeting, and the use of balanced scorecards, ensuring that managers are well-prepared to tackle real-world challenges. With detailed examples and case studies, the text not only highlights theoretical insights but also emphasizes practical applications that drive profitability and operational excellence in diverse business environments.

Chapters & Topics Covered

Chapter 1

The Manager and Management Accounting

Chapter 2

An Introduction to Cost Terms and Purposes

Chapter 3

Cost–Volume–Profit Analysis

Chapter 4

Job Costing

Chapter 5

Activity-Based Costing and Activity-Based Management

Chapter 6

Master Budget and Responsibility Accounting

Chapter 7

Flexible Budgets, Direct-Cost Variances, and Management Control

Chapter 8

Flexible Budgets, Overhead Cost Variances, and Management Control

Chapter 9

Inventory Costing and Capacity Analysis

Chapter 10

Determining How Costs Behave

Chapter 11

Decision Making and Relevant Information

Chapter 12

Strategy, Balanced Scorecard, and Strategic Profitability Analysis

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Chapter 13

Pricing Decisions and Cost Management

Chapter 14

Cost Allocation, Customer-Profitability Analysis, and Sales-Variance Analysis

Chapter 15

Allocation of Support-Department Costs, Common Costs, and Revenues

Chapter 16

Cost Allocation: Joint Products and Byproducts

Chapter 17

Process Costing

Chapter 18

Spoilage, Rework, and Scrap

Chapter 19

Balanced Scorecard: Quality and Time

Chapter 20

Inventory Management, Just-in-Time, and Simplified Costing Methods

Chapter 21

Capital Budgeting and Cost Analysis

Chapter 22

Management Control Systems, Transfer Pricing, and Multinational Considerations

Chapter 23

Performance Measurement, Compensation, and Multinational Considerations

Popular Video Solutions

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Problem 1

Define cost-volume-profit analysis.

Nick Johnson

Nick Johnson   Numerade Educator

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Problem 2

What are the three major influences on pricing decisions?

Oluwadamilola Ameobi

Oluwadamilola Ameobi   Numerade Educator

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Problem 3

Why should managers worry about product overcosting or undercosting?

Oluwadamilola Ameobi

Oluwadamilola Ameobi   Numerade Educator

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Problem 4

"Management accounting should not fit the straitjacket of financial accounting." Explain and give an example.

Prashant Bana

Prashant Bana   Numerade Educator

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Problem 5

Why is the term direct costing a misnomer?

Oluwadamilola Ameobi

Oluwadamilola Ameobi   Numerade Educator

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Problem 6

Define cost pool, cost tracing, cost allocation, and cost-allocation base.

Ameer Said

Ameer Said   Numerade Educator

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