Brief Contents: The Nature of Costs; Opportunity Cost of Capital Budgeting; Organizational Architecture; Responsibility Accounting and Transfer Pricing; Budgeting; Cost Allocation: Theory; Cost Allocation: Practices; Absorption Cost Systems; Criticism of Absorption Cost systems: Incentive to Overproduce; Criticism of Absorption Cost systems: Inaccurate Product Costs; Standard Costs: Direct Labor and Materials; Overhead and Marketing Variances; Management Accounting in a Changing Environment.