Northeast Wisconsin Technical College
10-101-134 020259 Accounting-Cost
Outline of Instruction
|10-101-134 ACCOUNTING-COST ...contemporary cost environments and issues; selecting, analyzing, and tracking costs; production costing methods: job order, process, standard costs, joint and by-product costing. (Prerequisites: 10-103-131, Micro: Excel Intro; 10-101-110, Accounting 1)|
Prior Learning Assessments
Define and classify costs.
Define methods to calculate overhead rates and apply overhead costs.
Distinguish between variable and absorption costing methods.
Apply principles and procedures in using a job order cost system.
Prepare cost of production reports using a process cost system.
Use a standard costing system with variance analysis.
Work effectively in cooperative learning groups.
Analyze mixed cost, including methods to separate variable and fixed amounts.
Analyze and determine cost drivers.
Analyze inventory valuations using variable and absorption costing methods
Use flexible budgets and standard costing system for overhead cost control.