Product costs : application in an insurance company /
Cost accounting textbooks typically focus on manufacturers with less emphasis on applying cost accounting practices in service companies. But, understanding the costs to sell, produce, and administer products is extremely important in both service and manufacturing industries. Many service companies...
| Main Author: | |
|---|---|
| Corporate Author: | |
| Format: | eBook |
| Language: | English |
| Published: |
London :
SAGE Publications Ltd.,
2017.
|
| Series: | SAGE Knowledge. Cases.
|
| Subjects: | |
| Online Access: | Connect to the full text of this electronic book |
| Summary: | Cost accounting textbooks typically focus on manufacturers with less emphasis on applying cost accounting practices in service companies. But, understanding the costs to sell, produce, and administer products is extremely important in both service and manufacturing industries. Many service companies, such as banks and insurance companies, have very large administrative functions and use cost accounting principles as a means to understand costs, improve cost effectiveness, and profit margins. The case is based on an actual project that updated the product cost allocation process at a large insurance company (we used a fictional company name and accompanying data). |
|---|---|
| Item Description: | Originally Published In McGregor, S. (2014). Product costs: Application in an insurance company. IMA Educational Case Journal, 7(3), Article 1. |
| Physical Description: | 1 online resource : illustrations. |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: | 9781526426734 (ebook) : |