Economic Decision Making Using Cost Data PDF ePub eBook

Books Info:

Economic Decision Making Using Cost Data free pdf According to economic theory, production and costs follow patterns that are common to many firms. In a world of perfect information, managers could utilize this cost data to make production decisions and set prices. In the real world, however, much of this information remains unknown. Common accounting practices are designed with record-keeping as the end goal rather than to present an accurate assessment of opportunity cost. Many times, managers do not recognize the difference between opportunity costs and accounting costs and, instead, rely upon the readily available accounting costs to make their decisions. This often leads to suboptimal decisions. The purpose of this book is to present production/cost theory, review various cost accounting methods and demonstrate how they may distort production and pricing decisions in light of the differences between accounting costs and economic theory.

About Daniel M. Marburger

Daniel M. Marburger Jonesboro, AR, Professor of Economics, Arkansas State University. Ryan Peterson Jonesboro, AR, Assistant Professor of Accounting, Arkansas State University.

Details Book

Author : Daniel M. Marburger
Publisher : Business Expert Press
Data Published : 01 September 2013
ISBN : 1606495127
EAN : 9781606495124
Format Book : PDF, Epub, DOCx, TXT
Number of Pages : 140 pages
Age + : 15 years
Language : English
Rating :

Reviews Economic Decision Making Using Cost Data



17 Comments Add a comment




Related eBooks Download


  • Cost Accounting Principles free pdfCost Accounting Principles

    Never again be lost in a sea of numbers when you're doing your accounting. This quick accounting study guides includes essential information of the different types of cost accounting and the classification of cost..


  • Theory of Production and Cost free pdfTheory of Production and Cost

    Production theory and the theory of cost both belong to the central areas of business administration. for all considerations concerning the economic organization of industrial manufacturing processes start from these..


  • Cost Management free pdfCost Management

    "Cost Management" was written in response to changes in the global business environment. Unbridled access to information and intense competition has meant that cost accounting has become an increasingly important tool for managers and accountants alike..


  • Project Management Accounting free pdfProject Management Accounting

    Helping project managers figure out how costs interact with the general ledger as well as make decisions about whether to continue with the project as planned. this book reveals how project expensing should be capitalized or expensed in order to keep the budget on track and improve profitability..


  • Review of Management Accounting Research free pdfReview of Management Accounting Research

    Over the years there has been an accumulation of extensive research in management accounting. The traditional management accounting role of cost determination and financial control has been challenged and shifted to a more 'sophisticated' role of creating value through the development of 'new' management accounting techniques and practices..


  • Economic Decision Making Using Cost Data free pdfEconomic Decision Making Using Cost Data

    Read Books Free App. According to economic theory, production and costs follow patterns that are common to many firms. In a world of perfect information, managers could utilize this cost data to make