2 Chapter Two Cost Concepts and Behavior LEARNING OBJECTIVES After reading this chapter, you should be able to: LO 2-1 Explain the basic concept of “cost.” LO 2-2 Explain…

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Cost Concepts and Behavior Chapter 2 Copyright © 2011 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin What is a Cost? Cost is a sacrifice of…

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Slide 1 Cost Concepts and Behavior Chapter 2 Edited by Charles Bailey, for ACCT3310, Spring 2014 PowerPoint Authors: Susan Coomer Galbreath, Ph.D., CPA Charles W. Caldwell,…