Joseph Ugrin, PhD, CPA, is the RSM Chair of Accounting and Head of the Department of Accounting at the University of Northern Iowa. With nearly three decades of experience in teaching, research, and industry, Dr. Ugrin has published extensively on accounting and information systems, contributed to national curriculum development, and continues to serve in key editorial and professional leadership roles in accounting.

Amy Igou, PhD, CMA, is the Halverson Associate Professor of Accounting at the University of Northern Iowa. She is the author of a book and numerous journal articles on emerging technologies in business. Amy brings 19 years of corporate financial systems experience to her teaching and research.

Preface ix

Acknowledgments xi

About the Authors xiii

Chapter 1 Introduction to Managerial Accounting 1

Chapter 2 Accounting for the Costs of Products and Services 31

Chapter 3 Job Order Costing 63

Chapter 4 Process Costing 95

Chapter 5 Activity-based Costing 123

Chapter 6 Cost Behavior, the Cost Equation, and Cost-volume-profit Analysis 155

Chapter 7 Relevant Data and Business Decision-making 209

Chapter 8 Capital Budgeting, Planning, and Decision-making 267

Chapter 9 Planning and Budgeting for Business Operations 317

Chapter 10 Flexible Budgeting and Variance Analysis 381

Chapter 11 Performance Evaluation 435

Appendix a Technology Overview 467

Appendix B Planning and Budgeting for Business Operations Using Spreadsheets 481

Index 493