LEARNING OBJECTIVESAfter studying this chapter, you should be able to:
11.1 define a cost object and explain how cost information is used
11.2 classify costs into direct costs and indirect costs for individual cost objects
11.3 discuss the allocation process for indirect costs
11.4 calculate the full cost of a cost object
11.5 calculate an inventoriable product cost
11.6 discuss pricing issues for products and services.CHAPTER 11
Costing and pricing
in an entity
Contents
Chapter 11 preview
11.1 Use of cost information
11.2 Direct costs
11.3 Cost allocation
11.4 Allocation process
11.5 Inventoriable product cost
11.6 Pricing of products and services