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What is my cost?-- Managerial Accounting and Product CostingCode: 24-COSTMGT
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Course Learning Objectives
- Recognize the differences between managerial and financial accounting, the various ways to classify costs, and the presentation of inventory and cost of goods within the Balance Sheet and Income Statement.
- Properly identify the job order costing techniques used to allocate product costs to jobs/products along with the related journal entries and documents.
- Properly identify the process order costing techniques used to allocate product costs to products in addition to the related journal entries and documents.
- Properly identify the three activity-based costing methods for allocating product costs including: 1) Single factory wide overhead rate method, 2) Department overhead rate method, and 3) Activity-based overhead costing method.
Recommended CPE Hours: 4
Level of knowledge: Update
Prerequisite: Basic understanding of Accounting
Advanced Preparation: None
Exam expiration date: Participants must submit exams for grading within one year from the date of purchase