Standard
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ACC
150 – Cost Accounting
Emphasizes a thorough understanding of cost concepts,
cost behavior, and cost accounting techniques as they are applied to
manufacturing cost systems. Topics include job order cost accounting, process
cost accounting, and standard cost accounting.
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Competency Areas: |
Hours: |
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Job Order Cost Accounting |
Class |
4 |
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Process Cost Accounting |
D. Lab |
4 |
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Standard Cost Accounting |
P. Lab/O.B.I. |
0 |
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Credit |
6 |
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Prerequisite/Corequisite: ACC 103 |
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Course Guide
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Competency |
After
completing this section, the student will: |
Hours |
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Class |
D.
Lab
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P. Lab/
O.B.I. |
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JOB ORDER COST ACCOUNTING |
20 |
20
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0 |
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Will be
able to implement procedures for a job order cost accounting system. |
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Identify accounting
processes. |
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Produce a statement of
cost of goods manufactured. |
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Record
journal entries. |
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PROCESS COST ACCOUNTING |
14 |
14
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0 |
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Will be
able to implement procedures for a process cost accounting system. |
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Explain process cost
procedures. |
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Record costs incurred in
each operating step. |
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Produce monthly cost of
production reports. |
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Record entries relative to
process cost. |
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STANDARD COST
ACCOUNTING |
6 |
6
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0 |
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Will be able to implement
procedures for a standard cost accounting system |
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Explain standard cost
procedures. |
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Calculate various types of
variances and entries. |
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Suggested Resources
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Cost Accounting Principles
and Applications; (1999) Horace R. Brock and Linda A. Herrington; Glencoe McGraw-Hill; 6th ed.;
Cost Accounting Study Guide
and Working Papers; (1999) Horace R. Brock and Linda A. Herrington; Glencoe McGraw-Hill; 6th
ed.;
Cost
Accounting, 1st edition.
Nagy and Van
Derbeck. Principles of Cost Accounting, 12th edition,
(2001) South-Western Publishing
Nagy and
Van Derbeck. Study Guide and Working Papers,
12th edition, South-Western Publishing Company.