Cost Accounting

  • explain the nature of managerial cost accounting, including costs and cost drivers;
  • conduct cost-volume-profit analysis, including the use of linear regression data to determine the relationship between production and costs;
  • identify cost accounting systems such as job order costing, process costing, activity-based costing, and project costing;
  • calculate the cost of goods sold;
  • compute overhead rates;
  • apply overhead to jobs;
  • describe the nature of cost accounting decision making;
  • discuss the nature of cost accounting budgets;
  • explain and create a variance analysis;
  • discuss the nature of cost allocation;
  • prepare cost of production reports.

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