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Nov 04, 2025
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ACT 2003 - Cost Accounting 3 Credits
Covers accounting procedures for a manufacturing enterprise. Topics include entries for materials, labor, and overhead placed in production; job order and process cost systems; standard costs and variances analysis; and budgeting and control. Not intended for business administration transfer program.
Course Availability: Offered Spring Semester Only
Prerequisite: ACT 1113 - Principles Of Accounting II** with a grade of “C” or better.
Course Level Objectives
Upon successful completion of this course the student will be able to:
1. Differentiate between managerial and financial accounting (PLO 1)
2. Demonstrate principles of job order costing, activity-based, and process costing systems (PLO 1, 4)
3. Prepare and use static and flexible budgets for performance evaluation (PLO 1, 4)
4. Calculate overhead using predetermined rates and activity-based costing (PLO 1, 4)
5 Utilize the concepts of cost-volume-profit analysis for planning and decision making (PLO 1, 3, 4)
6. Develop critical thinking and problem-solving skills (PLO 4, 6)
7. Develop effective written and oral communication skills (PLO 5, 7)
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