Understand and control costs: cost elements, job and process costing, overhead allocation, product pricing and break-even analysis to support management decisions.
Course Curriculum
| 1. Cost Concepts | |||
| 1.1 Why cost accounting matters Details | 00:05:00 | ||
| 1.2 Cost elements: materials, labor and overhead Details | 00:08:00 | ||
| 1.3 Fixed, variable and mixed costs Details | 00:07:00 | ||
| 1.4 Direct and indirect costs Details | 00:06:00 | ||
| 2. Materials and Labor | |||
| 2.1 Materials purchasing and issuing Details | 00:07:00 | ||
| 2.2 Materials pricing methods Details | 00:08:00 | ||
| 2.3 Labor cost and idle time Details | 00:07:00 | ||
| 3. Overhead | |||
| 3.1 Departmentalization of overhead Details | 00:08:00 | ||
| 3.2 Service department allocation Details | 00:09:00 | ||
| 3.3 Predetermined overhead rates Details | 00:08:00 | ||
| 3.4 Activity-based costing (ABC) Details | 00:08:00 | ||
| 4. Costing Systems | |||
| 4.1 Job order costing Details | 00:09:00 | ||
| 4.2 Process costing and equivalent units Details | 00:10:00 | ||
| 4.3 Joint and by-products Details | 00:07:00 | ||
| 5. Costs for Decisions | |||
| 5.1 Cost-volume-profit and break-even Details | 00:09:00 | ||
| 5.2 Standard costing and variances Details | 00:09:00 | ||
| 5.3 Product pricing decisions Details | 00:07:00 | ||
| 5.4 Make or buy and special orders Details | 00:07:00 | ||
| 5.5 Final project: cost study for a factory Details | 00:15:00 | ||
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