- Identify the uses of, and different profits calculated under, absorption and marginal costing.
- Calculate appropriate cost inputs for full product cost using overhead absorption rates per unit of production (or service provision).
- Absorption and Marginal Costing
- Cost allocation, apportionment, and absorption
Costs shouldn't manage you.
You will learn how to provide key data to managers for planning and controlling, as well as data on costing products, services, and customers. By focussing on analyses, uses, and procedures instead of procedures alone, you can recognize cost accounting as a value-added customer enhancing tool.
Acquire new skills to demonstrate your proficiency:
- Manufacturing and nonmanufacturing costs
- Direct or indirect costs
- Overhead costs
Gain practical experience.
The exercises use genuine examples and are designed to give you real-world knowledge on how to apply daily cost accounting principles. Acquire a deeper understanding of the strategic importance of the cost accounting application and finance business partnering role.
This is a standalone course but if you’re interested in more of this type of learning while earning a designation, explore the CGMA® Finance Leadership Program.