ACCT 2861 Cost Accounting I
Course Information
| Course Number | ACCT 2861 |
|---|---|
| Course Title | Cost Accounting I |
| Description | This course covers manufacturing accounting concepts. Cost concepts and behaviors will be analyzed while job order costing, process costing, accounting for materials, direct labor, and factory overhead will be covered. |
| Total Credits | 4 |
| Total Hours | 64 |
| Instruction Type | Credits and Hours |
|---|---|
| Lecture | 4 Credits, 64 Hours |
Pre/Corequisites
Prerequisite: ACCT1810 and ACCT1811
Institutional Core Competencies
- Critical and Creative Thinking - Students will be able to demonstrate purposeful thinking with the goal of using a creative process for developing and building upon ideas and/or the goal of using a critical process for the analyzing and evaluating of ideas.
Course Competencies
- Contrast Financial, Managerial, and Cost Accounting concepts in a National and Global environment
- Differentiate cost terms and cost behaviors in manufacturing or service industries
- Demonstrate the application of overhead costs to products/services
- Demonstrate an understanding of activity-based management and activity-based costing
- Summarize job order costing
- Summarize process costing
- Illustrate standard costing and variance analysis
- Compile a master budget
- Analyze break-even points and cost-volume-profit data
- Illustrate the allocation of joint costs and the accounting for by-products/scrap
SCC Accessibility Statement
South Central College strives to make all learning experiences as accessible as possible. If you have a disability and need accommodations for access to this class, contact the Academic Support Center to request and discuss accommodations.
North Mankato: Room B-132, (507) 389-7222; Faribault: Room A-116, (507) 332-7222.
Additional information and forms can be found at: southcentral.edu/disability
This material can be made available in alternative formats by contacting the Academic Support Center at 507-389-7222.