Introduction 1
Part I: Introducing Managerial Accounting 7
Chapter 1: The Role of Managerial Accounting 9
Chapter 2: Using Managerial Accounting in Your Business 29
Part II: Understanding and Managing Costs 43
Chapter 3: Classifying Costs 45
Chapter 4: Figuring Cost of Goods Manufactured and Sold 57
Chapter 5: Teaching Costs to Behave: Variable and Fixed Costs 69
Chapter 6: Allocating Overhead 89
Chapter 7: Job Order Costing: Having It Your Way 105
Chapter 8: Process Costing: Get In Line 121
Part III: Using Costing Techniques for Decision-Making 145
Chapter 9: Straight to the Bottom Line: Examining Contribution Margin 147
Chapter 10: Capital Budgeting: Should You Buy That? 165
Chapter 11: Reality Check: Making and Selling More than One Product 179
Chapter 12: The Price Is Right: Knowing How Much to Charge 191
Chapter 13: Spreading the Wealth with Transfer Prices 203
Part IV: Planning and Budgeting 217
Chapter 14: Master Budgets: Planning for the Future 219
Chapter 15: Flexing Your Budget: When Plans Change 237
Part V: Using Managerial Accounting for Evaluation and Control 245
Chapter 16: Responsibility Accounting 247
Chapter 17: Variance Analysis: To Tell the Truth 259
Chapter 18: The Balanced Scorecard: Reviewing Your Business’s Report Card 279
Chapter 19: Using the Theory of Constraints to Squeeze Out of a Tight Spot 293
Part VI: The Part of Tens 301
Chapter 20: Ten Key Managerial Accounting Formulas 303
Chapter 21: Ten Careers in Managerial Accounting 311
Chapter 22: Ten Legends of Managerial Accounting 315
Index 319
