会计专业英语教学课件-chapter-10-Cost-Behavior-Analysis.pptxVIP

Chapter 10 Cost Behavior AnalysisLearning ObjectivesDistinguish product costs and period costs. Understand the difference between variable costs and fixed cost.Understand the difference between direct and indirect costs.Use high-low analysis to separate the fixed and variable elements of total costs,Explain the structure of linear functions and equations.Calculate profit or loss by using variable costing and absorption costingMini Case Do you like donuts? And what is the cost of producing a donut? The Tasty donuts, Inc. operates a chain of 10 donut shops in the city of Toronto, Ontario. Each shop sells a variety of donuts, muffins, and sweet rolls as well as various beverages. Beverages, such as coffee and fruit juices, are prepared in each donut shop, but all of the companys donuts and baked nee products are made in a centrally located bakery. The company leases several small delivery trucks to transport the bakery items to its donut shops. Use of a central bakery is more cost-efficient. Identify: (1) What cost does above mini case include? (2) How to classify these costs?Outline of The ChapterTopic 1: Cost ClassificationTopic 2: Cost Behavior Topic 3: Variable Costing and Absorption CostingTopic 1: Cost Classification 1. General Cost ClassificationsManufacturing CostDirect material: is all of the physical items built into a product. It is rolled into the total cost of goods produced, which is then subdivided into the cost of goods sold and ending inventory. Direct labor: is production or services labor that is assigned to a specific product, cost center, or work order.Manufacturing overhead: includes items such as indirect materials; indirect labor and repairs on production equipment; heat and light, property taxes, depreciation, and insurance on manufracturing facilities.Topic 1: Cost Classification 1. General Cost ClassificationsNonmanufacturing Costs Nonmanufacturing costs are often divided into two categories: selling costs and administrative costs. Selling c