Accounting-Cost

This course is associated with the following programs:

• Accounting - Associate Degree

1. Define and classify costs.
2. Define methods to calculate overhead rates and apply overhead costs.
3. Distinguish between variable and absorption costing methods.
4. Apply principles and procedures in using a job order cost system.
5. Prepare cost of production reports using a process cost system.
6. Use a standard costing system with variance analysis.
7. Work effectively in cooperative learning groups.
8. Analyze mixed cost, including methods to separate variable and fixed amounts.
9. Analyze and determine cost drivers.
10. Analyze inventory valuations using variable and absorption costing methods
11. Use flexible budgets and standard costing system for overhead cost control.
12. Analyze cash flow statements for cash flow and cost budget analysis