Direct and indirect costs Product Prime and conversion costs How do manufacturing companies determine the cost of manufactured products? Calculating cost of goods sold Calculating cost of goods manufactured Flow of costs through inventory accounts Calculating unit product cost How is managerial accounting used in service and merchandising companies? Calculating cost per service Chapter 16: Student Chapter Summary Define managerial accounting and understand how it is used Financial accounting prepares reports for external users, such as investors, creditors, and government agencies. Managerial accounting provides information for managers to use in
Direct and indirect costs Product Prime and conversion costs How do manufacturing companies determine the cost of manufactured products? Calculating cost of goods sold Calculating cost of goods manufactured Flow of costs through inventory accounts Calculating unit product cost How is managerial accounting used in service and merchandising companies? Calculating cost per service Chapter 16: Student Chapter Summary Define managerial accounting and understand how it is used Financial accounting prepares reports for external users, such as investors, creditors, and government agencies. Managerial accounting provides information for managers to use in
Solution-Manual-for-Horngrens-Financial-and-Managerial-Accounting-The-Managerial-Chapters-5th-Edition-by-Miller-Nobles.docx