ACCT21
Module 21: Cost Accounting (Core)
Outcome
Investigate calculating, controlling and reporting costs of doing business.
Indicators
(a) Define cost accounting and explain how it relates to management accounting and financial accounting.
(b) Differentiate cost into two categories (i.e., manufacturing costs and nonmanufacturing costs) to be used in management analysis.
(c) Classify direct labour, direct materials and manufacturing overhead as manufacturing costs.
(d) Classify marketing/selling costs and administration costs as non-manufacturing costs.
(e) Debate the importance of labour costs to management accounting.
(f) Assess and describe how opportunity costs and sunk costs become part of the management decision-making process.
(g) Prepare the manufacturing statement, the schedule of cost of goods manufactured statement and the income statement for a merchandising business and manufacturing business and then examine the purpose of each.
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R103903
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(More information)
Media and Formats : Book
Price : $164.95
Record posted/updated: December 8, 2021
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Record posted/updated: March 16, 2022
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Record posted/updated: December 7, 2021
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Price : See publisher.
Record posted/updated: June 17, 2022
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Record posted/updated: March 16, 2022
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Media and Formats : Book
Price : See publisher.
Record posted/updated: June 17, 2022
R009354
Horngren's Accounting. Volume 1, Flextext(10th Canadian ed.)
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Media and Formats : Book
Price : See publisher.
Record posted/updated: June 17, 2022