ACTG 4400 Midterm: Cost Accounting Notes (Midterm Review)

• School: York University
• Department: Accounting
• Course: ACTG 4400
• Professor: Domenic Cianflone

Document Summary

Cost accounting notes income tax authorities. analysis when determining compensation). delivered to a single customer (e. g. , govt agency). products or byproducts as well as other products of the company. based on cost info) regulation. Calculation of inventorial costs and cost of goods sold for external nancial statements and reports for. Calculation of inventorial costs and cost of goods for internal nancial reporting (for division pro tability. Cost reimbursement under contracts when only a portion of a business"s products or services is sold or. Customer pro tably analysis where individual customer purchase varying combinations of joint. Insurance settlement calculations (damage claims with joint products, main products, or byproducts are. Rate regulation when one or more of the jointly produced products or services is subject to price. Contract litigation in which costs of joint products are key inputs. Physical measure method: allocates joint costs on the basis of their relative proportions at the splitoff.