 | Chapter Objectives
(See related pages)
After studying this chapter, you should be able to . . .
Understand the strategic role of basic cost management concepts
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| | | Explain the cost driver concepts at the activity, volume, structural, and executional levels
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| | | Explain the cost concepts used in product and service costing
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| | | Demonstrate how costs flow through the accounts
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| | | Prepare an income statement for both a manufacturing firm and a merchandising firm
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| | | Explain the cost concepts related to the use of cost information in planning and decision making
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| | | Explain the cost concepts related to the use of cost information for management and operational control
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