Chapter 14 Measuring and Assigning Costs for Income Statements Key Topics: –Absorption costing –Variable costing –Throughput costing –Reconciling income.
15 - 1 ©2002 Prentice Hall Business Publishing, Introduction to Management Accounting 12/e, Horngren/Sundem/Stratton Chapter 15 Overhead Application: Variable.
Chapter Eight Absorption and Variable Costing, and Inventory Management COPYRIGHT © 2012 Nelson Education Ltd.
Cost Management Session 7. Overview Theory Exercise: 10.33, 10.37, 10.56, 10.60 2.
Managing Finance and Budgets Lecture 5. Session 5 - Costing & Pricing (1) LEARNING OUTCOMES Understand the different ways of classifying costs and be.
1 Absorption and marginal costing. 2 Introduction Before we allocate all manufacturing costs to products regardless of whether they are fixed or variable.
Chapter six Variable Costing: A Tool for Management.
