ACCT 3433 - Cost Accounting I, 3 Credits

Prerequisite(s): ACCT 2224 with D or better

Level: Lower

Topics include: objectives of cost accounting, the role of cost accounting in relation to the performance of management functions with the emphasis on control and responsibility accounting; cost/benefit analysis; variable and fixed costs; period and product costs; cost-volume-profit relationships; The development and use of static and flexible budgets as managerial tools for planning and control; variance analysis for product costs under static and flexible budgeting; variable vs. absorption costing, and J.I.T. production.