Why Study Cost Accounting?The 16th edition of Principles of Cost Accounting, in an easily accessible pre-sentation, applies cost concepts, cost behavior, and cost accounting techniques to manufacturing, merchandising, and service businesses. Students learn how to determine costs of products and services more accurately; use the knowledge of product and service costs to set selling prices, to bid on contracts, and to analyze the relative profitability of various products and services; use techniques to measure the performance of managers and subunits within an organization; design an accounting system to fit the production and distribution system of an organization; and use the accounting system as a tool to motivate managers towards the organization's goals.What Does the 16th Edition Offer?• Appropriate content for a one-quarter or one-semester cost accountingcourse.• A ten-chapter format--a distinguishing feature of the text that makes it most appropriate for shorter courses while still thoroughly covering the topics students need today.• Directed assignments at intervals within each chapter.• A very readable and relevant text that covers the essentials of cost accounting in a logical sequence and concise manner.• Integration of activity-based costing and just-in-time coverage has been added throughout the text to ensure that students are familiar with the most recent costing technologies and methods.• The inclusion of cost accounting techniques for service businesses.• A discussion of the special purpose reports and analytical techniques used for management decision making.• Emphasis on nonfinancial performance measures via the balanced scorecard