World-Class Cost Accounting: A Practical Application (Part 2)
Monday, August 19, 2024
Webcast or Webinar, Online
2:00 PM - 6:00 PM (opens at 1:30 PM) EST
4Credits
Accounting and Auditing
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$129.00 Regular Price
Non-Members
$159.00 Regular Price
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Course Type: Webcast
Course Code: 24/AC173390
Level: Intermediate
Vendor: ACPEN
Field of Study: Auditing, Accounting
Overview:
Manufacturing overhead costs - how to identify, classify, and trace products. How to handle Phantom sub-assembly costing issues. How to account for costs when manufacturing deviates from normal operations - outside temporary contractors. Applying costing principles to a process cost system and a project cost system. Example of a best-in-class chart of accounts for management reporting.
Objectives:
- Specifics for classifying MGH overhead costs to products
- Tracing MGH overhead costs to products for costing and pricing accuracy
- Examples of specific identification of MFG overhead costs to products and the dramatic effect of reducing arbitrary allocations
- ABC Analysis for non-manufacturing departments
- Life-Cycle costing of products
Major Topics:
- Covers fixed and variable MGH overhead of the production department
- Covers MFG overhead of the manufacturing support departments
- Identifying certain MFG overhead costs as variable that typically are classified as fixed
Major Topics:
- Covers fixed and variable MGH overhead of the production department
- Covers MFG overhead of the manufacturing support departments
- Identifying certain MFG overhead costs as variable that typically are classified as fixed