Covers the basics of cost-system design, which shows in a clear, step-by-step fashion, how the costs are allocated to cost objects. Key concepts include direct and indirect costs, two-stage allocation, cost pools and cost drivers. Also provides a brief overview of some variations of cost systems, explains the difference between job and process costing, direct and full cost control systems, and standard cost systems. Provides exercises throughout the tutorial to understand the material tested.

Covers the basics of cost-system design, which shows in a clear, step-by-step fashion, how the costs are allocated to cost objects. Key concepts include direct and indirect costs, two-stage allocation, cost pools and cost drivers. Also provides a brief overview of some variations of cost systems, explains the difference between job and process costing, direct and full cost control systems, and standard cost systems. Provides exercises throughout the tutorial to understand the material tested.
«Hide

from
David F. Hawkins,
V.G. Narayanan,
Jacob Cohen,
Michele Jurgens
Source: Tutorials
Publication Date: Sep 17, 2004. Prod #: 105701-HTM-ENG
Introduction to accounting systems, cost, online tutorial HBR case solution

[related_post themes="flat"]