- Enhance your career with an invaluable skill set in this two-part series, where you’ll explore the cost system of a real company from the ground up. Learn how to link variable and base costs, identify fluctuating and semi-fixed direct costs, and accurately trace direct materials, labor, and labor burden to products. Gain practical tools for budgeting, setting standard costs, and seamlessly embedding Activity-Based Costing (ABC) into a comprehensive cost system. Be sure to also register for Part 2: World Class Cost Accounting: A Practical Application
- Part 2
Learning Objectives
• Determine methodologies for costing precision
• Recognize how to automatically embed ABC into the cost system
• Identify bases for tracing direct materials and labor costs to their products
Major Topics
• Classification of the five cost types
• Direct Materials’comprehensive coverage
• Direct Labor’labor burden costs
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