ACCT 211 - Cost Accounting(3,0) 3 Credits
Prerequisite(s): ACCT 104 - Managerial Accounting .
This course covers accounting for manufacturing enterprises. It provides a detailed explanation of the cost components of manufacturing operations: direct materials, direct labor and indirect manufacturing expenses (Factory overhead). The full cycle of the manufacturing entity is illustrated for both job order and process cost systems. The various techniques used for the application of factory overhead are studied. Process costing includes both the weighted average and FIFO methods and differences in direct material input. Standard costs and variance analysis are also covered.
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