Cost Accounting –

acc349

(3 credits)

This course introduces cost terminology and flows, standard cost systems, relevant costing, budgeting, inventory control, capital asset selection, responsibility accounting, and performance measurement.

This undergraduate-level course is 5 weeks. To enroll, speak with an Enrollment Advisor.

Topics and Objectives

Fundamentals of Managerial and Cost Accounting
- Identify key components and terminology utilized within cost accounting.
- Compare and contrast process and job cost systems.
- Examine ethical issues in managerial accounting.
- Differentiate between direct and indirect costs.
Cost Allocation
- Assess the advantages and disadvantages of an activity-based costing (ABC) system.
- Identify cost drivers for manufacturing and service activities.
- Calculate overhead rates using cost drivers.
- Compute allocation of overhead costs to cost pools, end products, and services.
Cost-Volume-Profit (CVP)
- Distinguish among fixed, mixed, and variable costs.
- Calculate a break-even point using the elements of cost-volume-profit (CVP).
- Prepare income statements using both variable and absorption costing.
Variance Analysis
- Explain the advantages and disadvantages of using standard costing.
- Calculate price, usage, and overhead variances.
- Determine the causes of overapplied or underapplied overhead variances.
Pricing Decisions and Budgeting
- List the components of an operating and financial budget.
- Determine pricing for external and internal sales.

The University of Phoenix reserves the right to modify courses.
While widely available, not all programs are available in all locations or in both online and on-campus formats. Please check with a University Enrollment Advisor.
Transferability of credit is at the discretion of the receiving institution. It is the student’s responsibility to confirm whether or not credits earned at University of Phoenix will be accepted by another institution of the student’s choice.

Cost Accounting –

acc349

Fundamentals of Managerial and Cost Accounting

Cost Allocation

Cost-Volume-Profit (CVP)

Variance Analysis

Pricing Decisions and Budgeting

We're here to help

Learn more today