Course Description

The first course in a two course sequence. Tracking, recording, and analyzing costs associated with the products or activities of an organization. Cost terminology, cost measurement concepts, cost accumulation systems, accumulating and allocating overhead costs using various cost drivers.

Learning Outcomes

  • Evaluate variable, fixed, and mixed costs, direct and indirect costs, period and product costs, and other terms relative to cost and managerial accounting.
  • Integrate the principles of cost-volume-profit analysis in the computation of break-even point, margin of safety, and related analytical tools.
  • Evaluate job order, process costing, and standard and apply them in the determination of product costs.
  • Evaluate activity-based costing and activity-based management over traditional approaches and their applications.
  • Apply the concepts of flexible budget and discuss its advantage over a static budget.
  • Analyze material, labor, and overhead variances to explain differences between standards and actual results.
  • Apply the concepts of absorption costing and variable costing to present income statements and reconcile the difference between the two methods.
  • Evaluate various determinants to allocate overhead to the product cost and service.
  • Evaluate inventory valuations by variable costing over absorption costing and capacity analysis with constraint concept.


Why Choose National University?

We’re proud to be a veteran-founded, San Diego-based nonprofit. Since 1971, our mission has been to provide accessible, achievable higher education to adult learners. Today, we educate students from across the U.S. and around the globe, with over 200,000 alumni worldwide.

Four-Week Courses

Focus on one subject at a time — one month at a time — and finish your degree faster.

75+ Degree Programs

Choose from associate, bachelor’s, and master’s degrees, plus credentials and certificates.

On Campus or Online

Study when and where it’s convenient for you with evening, weekend, and 100% online classes.

Year-Round Enrollment

Apply or transfer any time. Classes start monthly, and applications are accepted year round.

20+ Locations

Attend class and learn onsite at one of over 20 locations in California.

Military Friendly

As a Yellow Ribbon school, we offer tuition discounts to servicemembers and dependents.

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