Combination of the previous editions of Cost accounting I and Cost accounting II.

Includes index.

The role, concepts and classifications of cost accounting; costing and control of materials and labour; factory overhead and the factory ledger; job order cost system; process cost system; by-product and joint product costing; the master budget; standard costs and gross profit analysis; direct costing; break-even analysis and cost-volume-profit planning; capital budgeting; relevant costing in decision making and performance measurement; decision theory and economic order quantity; decentralized operations; responsibility accounting and transfer pricing.

This volume combines the two existing Schaum's Cost Accounting Outlines to consolidate the material and at the same time bring it up to date. A single volume covering the whole course will be more attractive to students and better serve their needs. Consolidation has been achieved mainly by eliminating overlap of problem types; no essential topics have been omitted.