World Class Cost Accounting: A Practical Application

Overview

Enhance your career with an invaluable skill set in this two-part series, where you’ll explore the cost system of a real company from the ground up. Learn how to link variable and base costs, identify fluctuating and semi-fixed direct costs, and accurately trace direct materials, labor, and labor burden to products. Gain practical tools for budgeting, setting standard costs, and seamlessly embedding Activity-Based Costing (ABC) into a comprehensive cost system. This on-demand course includes both parts one and two or the original webinar recording.

Highlights

• Classification of the five cost types
• Direct Materials'comprehensive coverage
• Direct Labor'labor burden costs

Prerequisites

None.

Objectives

• Determine methodologies for costing precision
• Recognize how to automatically embed ABC into the cost system
• Identify bases for tracing direct materials and labor costs to their products

Preparation

None.