Objectives
Demonstrate understanding of various accounting concepts including material costs, labor costs, overhead costs, and how these costs flow through an accounting system.
Objectives
Identify the various types of costs including variable, fixed, and mixed costs.
Objectives
Distinguish between job-order, process, and activity-based costing systems.
Objectives
Prepare all necessary journal entries and reports relating to the costing system.
Objectives
Apply acquired knowledge in cost-volume-profit analysis, including computation of contribution margin, break-even points, margins of safety, and operating leverage.
Objectives
Prepare various types of budgets for manufacturing firms and understand how technology aids in development of such budgets.
Objectives
Prepare and use production reports, responsibility accounting reports, and differential analysis reports for decision-making.
Objectives
Determine the selling price of products using various approaches.
Objectives
Conduct performance evaluation using variances from standard costs and various nonfinancial measures.
Objectives
Analyze the effects of decentralized operations and the various methods of transfer pricing on accounting information.
Objectives
Use various methods to analyze capital investment opportunities.