Section outline
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To teach the students about the concepts of cost terms,classification and how this knowledge will help them in academic and professional career.
Lecture Outcomes:
At the end of the session student will be:
- You will be able to prepare a schedule of cost of goods manufactured
- You will be able to prepare cost of goods sold.
- You will be able to prepare Income Statement
- You will be able to identify the working with incomplete data from the income statement and schedule of cost of goods ,manufactured
Lecture contents
- Direct Materials,Direct labors and Manufacturing overhead
- Product costs
- Period costs
- Prime cost
- Conversion cost
- Variable cost
- Fixed cost
- Opportunity cost
- Sunk cost
- Cost of goods Manufactured and cost behavior
- Finished Goods Inventory
- Indirect materials,Indirect labor and Indirect cost
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Students mustMark as done
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Students mustMark as done
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Students mustMark as done
You are welcome to solve this math using your brain.
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Students mustMark as done
Cost concepts,Terms and Classifications
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Students mustMark as done
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Students mustMark as done
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Students mustMark as done
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Students mustMark as done
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Students mustMark as done