Slide 1 1 Chapter 8 COST FUNCTIONS Slide 2 2 Definitions of Costs It is important to differentiate between accounting cost and economic cost –the accountant’s view of…
Slide 1 Definitions of Costs It is important to differentiate between accounting cost and economic cost – the accountant’s view of cost stresses out-of- pocket expenses,…
Slide 1 INTRODUCING THE COST APPROACH Chapter 11 Slide 2 Base cost Builder’s profit Building shell Building size and shape Comparative square-foot method Construction classification…
Slide 1 Chapter 5 COSTS AND PRODUCTIVITY Slide 2 1. Opportunity Costs The correct measure of the costs of any action is what has been given up by taking that action instead…
Slide 1 ACTG 6310 Chapter 14 – Management Accounting in a Changing Environment Slide 2 Determinants of Business Strategy, Organizational Architecture and Firm Value Figure…
The Theory and Estimation of Cost The Importance of Cost in Managerial Decisions The Definition and Use of Cost in Economic Analysis The Relationship Between Production and…