| 1.
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Identify the managerial uses of information about costs and benefits.
(I)
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| 2.
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Explain the factors involved in creating a cost accounting system. (I)
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| 3.
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Name and describe the methods of classifying costs. (I)
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| 4.
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Compute the fixed and variable components of costs by different
methods. (I)
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| 5.
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Prepare a manufacturer's statement of cost of goods sold. (II)
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| 6.
|
Perform job order cost accumulation making journal entries and with a
cost sheet. (II)
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| 7.
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Prepare journal entries recording manufacturing costs in a process
cost system. (II)
|
| 8.
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Assign costs to by-products by different methods. (II)
|
| 9.
|
Allocate joint production costs to joint products by different
methods. (II)
|
| 10.
|
Define and calculate economic order quantity, the order, point, and
safety stock. (III)
|
| 11.
|
Describe a just-in-time production system. (III)
|
| 12.
|
Explain the theory and applications of incentive wage plans. (III)
|
| 13.
|
Define and calculate factory overhead rates. (III)
|
| 14.
|
Apply overhead using predetermined rates. (III)
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| 15.
|
Compute and use departmental overhead rates. (III)
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| 16.
|
Compute standard costs and cost variances for materials, labor, and
factory overhead. (IV)
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| 17.
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Prepare journal entries to account for completed products in a
standard cost system. (IV)
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| 18.
|
Contrast direct costing and absorption costing. (V)
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| 19.
|
Prepare a break-even chart. (V)
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| 20.
|
Compute the margin of safety and the margin of safety ratio. (V)
|
| 21.
|
Compute differential cost and use it to make short-run economic
decisions. (V)
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