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Process costing Chapters 5 & 6

Additional material taken from “Cost Management”, by Hilton, Maher & Selto (McGraw-Hill), Indicated as “HM&S”. Process costing Chapters 5 & 6. ME 2027 Performance and Cost Analysis ME 2605 Cost Management and Control (for IMIM) Håkan Kullvén, KTH, 2007 Hakan.kullven@indek.kth.se.

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Process costing Chapters 5 & 6

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  1. Additional material taken from “Cost Management”, by Hilton, Maher & Selto (McGraw-Hill), Indicated as “HM&S” Process costingChapters 5 & 6 ME 2027 Performance and Cost Analysis ME 2605 Cost Management and Control (for IMIM) Håkan Kullvén, KTH, 2007 Hakan.kullven@indek.kth.se

  2. Exhibit 5.1 page 155 Why Process costing? Costs ------------------------------ Output

  3. HM&S page 294 Another view of it

  4. HM&S, page 296, 307 EU, Normal or Abnormal? 

  5. Page 163, Example 5.2 page 164 ≈ Page 157 Process cost Costs – Scrap value ------------------------------ Expected output

  6. HM&S page 318 Batch costing

  7. Physical measures, page 200 Sales value, page 202 Net realizable value, page 204 Constant margin, page 205 Figure 6.1 page 199 Joint and By-products

  8. Next, we… take a look at the management control systems in organizations; their purpose is often to make people accountable, and they are designed different in different settings. Chapters 16 & 17

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