Cost Analysis & Management

This course explains how cost accounting helps organizations accurately predict the cost of providing services. It presents an overview of activity-based costing and describes how to develop and analyze cost information by product line. In addition, the course describes methods and benefits of developing a standard costing system, as well as variable and fixed costs and presents four types of cost behaviors. The course also includes the basic concepts of price variance, volume variance and efficiency variance. Estimated course completion time: 45 minutes.