Direct costing

Thesis (M.B.A.)--Boston UniversityAccounting as a profession has made outstanding progress up through the mid-years of the century. Notwithstanding that it has grown from historical record-keeping to a functional position indispensable in the conduct of business, today1s era of accelerated technological achievement and industrial expansion places continued challenging demands for accounting research leading to still more valuable contributions. An examination of accounting association, publications provides ample evidence of professional interest in such research. From the matrix of accounting self appraisal, dissatisfaction, investigation and trial, there have been many business oriented concepts or techniques generated which have found their way into acceptable accounting procedure. One that is in such transition today is direct costing. In past years accounting techniques have become increasingly complex, obscuring simple cost, volume, and profit relationships. Meanwhile, the tremendous technological strides in industry have resulted in the placement of many engineers, scientists, and other non-financially trained persons in top management positions. As a result of these trends, many of today 1s executives do not fully understand accounting methods and the resultant information which comprise some of their tools for decision-making. The need exists for accounting systems which are simple and show fundamental relationships readily. Direct costing fulfills these requirements