ACCT250C: Cost Accounting

Credits 3 Lab/Practicum/Clinical Hours 0 Lecture Hours 3
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Provides cost accounting fundamentals including manufacturing statements, job cost systems, process cost systems, standard costs, and cost analysis. 


Students are required to pass prerequisite courses with a grade of C or higher. Exceptions apply; please consult your department chair.
  • Distinguish between direct costs and indirect costs.
  • Determine the difference between variable costs and fixed costs.
  • Determine the breakeven point and output level needed to achieve it.
  • Distinguish job costing from process costing.
  • Track the flow of costs in a job-costing system.
  • Develop a flexible budget.
  • Compute price variances and efficiency variances and prepare proper journal entries.
  • Develop budgeted variable overhead cost rates and budgeted fixed overhead cost rates.
  • Compute the variable overhead flexible-budget variance, the variable overhead efficiency variance, and the variable overhead spending variance.
  • Compute standard costing and variance analysis so as to monitor and modify cost-containment strategies.